Escorts Finance along with other shareholders of Escorts Securities (ESL) have entered into a Share Purchase Agreement (SPA) with Choice Equity Broking -- a wholly owned Subsidiary of Choice International, to sell and transfer their entire shareholding in ESL to Choice Equity Broking, subject to obtaining all applicable regulatory approvals. Upon completion of the aforesaid transaction in terms of the SPA, Escorts Finance will sell and transfer its entire 10.814% shareholding in ESL.
Escorts Finance is mainly engaged in Securities trading activity. The company is also engaged in a major cost reduction program.
