Transwarranty Finance has received an approval for partial disinvestment of shares held by the company in subsidiary Vertex Securities. This is to enable the company to bring down its holding below 75%. The board of director at its meeting held on July 31, 2013 has approved for the same.
Transwarranty Finance is a Reserve Bank of India (RBI) registered Non Banking Finance Company (NBFC), engaged in advisory services like Investment Banking, Corporate Finance, Project Finance, Trade Finance and providing Business & Retail Loans against collateral security of immovable property, liquid assets like shares, other financial assets, gold jewelry etc.
