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Centrum Capital gets nod to transfer two subsidiaries to proposed small finance bank

25 Aug 2021 Evaluate

Centrum Capital’s board has considered and approved the transfer of the entire business of its 2 Wholly Owned Material Subsidiaries, respectively, i.e Centrum Financial Services and Centrum Microcredit, to its proposed step-down subsidiary (proposed small finance bank), via a slump sale, subject to approval of the Members and other requisite statutory and regulatory approvals. The Board of Directors of the company at its Meeting held on August 24, 2021, has considered and approved the same.

Centrum Capital is an investment banking company, which offers a range of financial services in the areas of equity capital market, private equity, corporate finance, project finance and stressed asset resolution.

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