Shree Nath Commercial gets nod to divest its stake in GSR Techno

Shree Nath Commercial & Finance has received an approval where the board has decided to exit the investment made in its 51% subsidiary - GSR Techno Consultancy and sell its stake. The company has received an approval at its board meeting held on August 22, 2011.

In January this year, Shree Nath Commercial & Finance’s subsidiary GSR Techno Consultancy’s flagship site www.outofcity.com (OOC) had successfully started offering international car inventory reservation across the globe to its registered customers. OOC is the only corporate platform today in online space to offer real time reservation in 175 countries in 25000 city and airport locations. With this OOC’s corporate as well as agency customers can start making International car reservation on click of mouse at a very competitive rate.

Shree Nath Commercial & Finance is in the business of commercial finance in India. It lends money to other companies, as well as deals in shares and stocks.