Almondz Global Securities (AGSL) has received an approval to transfer its entire stake i.e. 70% held in ‘Almondz Debt Advisors’, (ADAL) and such transfer will result in cessation of Holding-Subsidiary relationship between ‘Almondz Global Securities’ (AGSL) and ‘ADAL’. The said subsidiary is not a material subsidiary of the Company.
The Committee of Board of Directors of the company at their meeting held on March 25, 2019, approved the same.
Almondz Global Securities (AGSL) is one of the leading Investment Banks in India.
