Corporate News     03-Apr-18
Centrum Group signs agreement to sell its Money Exchange Business to EBIX Inc.
For consideration of Rs 1200 crore
The Centrum Group announced that it has signed an agreement to divest its full stake in Centrum Direct (CDL), its Money Exchange Business to EBIX Inc, an Atlanta based leading international supplier of On- Demand software and E-commerce services. The sale value is approximately Rs. 1200 crores. The entire CDL team and assets will be transferred to EBIX Inc and will become a part of EbixCash, an end-to-end financial exchange.

The agreement while approved by the Centrum Board, is subject to its shareholders and other regulatory/commercial approvals. The customary process for such approvals can take a timeline of 45 to 60 days.

Previous News
  Centrum Capital reports consolidated net loss of Rs 23.51 crore in the September 2024 quarter
 ( Results - Announcements 30-Oct-24   16:39 )
  Centrum Capital reports consolidated net profit of Rs 1.61 crore in the March 2024 quarter
 ( Results - Announcements 17-May-24   17:07 )
  Centrum Capital reports consolidated net loss of Rs 11.71 crore in the March 2021 quarter
 ( Results - Announcements 22-Jun-21   17:49 )
  Centrum Capital revises board meeting date
 ( Corporate News - 21-May-22   11:44 )
  Centrum Capital Ltd Slides 3.54%
 ( Hot Pursuit - 05-Apr-22   09:45 )
  Centrum Capital Ltd leads losers in 'A' group
 ( Hot Pursuit - 13-Nov-19   15:00 )
  Centrum Capital to discuss results
 ( Corporate News - 06-Sep-19   12:11 )
  Centrum Capital standalone net profit declines 24.64% in the June 2016 quarter
 ( Results - Announcements 06-Aug-16   14:57 )
  Centrum Capital postpones board meeting
 ( Corporate News - 28-May-22   11:30 )
  Centrum Capital reports consolidated net loss of Rs 28.57 crore in the December 2022 quarter
 ( Results - Announcements 14-Feb-23   07:38 )
  Centrum Capital reports standalone net profit of Rs 0.55 crore in the June 2020 quarter
 ( Results - Announcements 14-Sep-20   17:17 )
Other Stories
  Board of NHPC approves borrowing plan for FY 2025-26
  19-Mar-25   20:15
  Happiest Minds Technologies announces apex-level organizational changes
  19-Mar-25   20:12
  Relonchem receives UK MHRA marketing authorization for Baclofen 10 mg Tablets
  19-Mar-25   20:11
  Transrail Lighting wins orders worth Rs 1,647 cr
  19-Mar-25   20:09
  Eurogrip Tyres launches new brand campaign with MS Dhoni
  19-Mar-25   19:33
  Wipro collaborates with NVIDIA to launch new agentic AI services
  19-Mar-25   19:20
  Prince Pipes & Fittings launches its 8th manufacturing unit at Begusarai, Bihar
  19-Mar-25   19:17
  Indegene launches new center in London
  19-Mar-25   19:09
  Hyundai Motor India hikes prices up to 3%
  19-Mar-25   19:05
  Hatsun Agro Product opens its 4000th HAP Daily Outlet in Bhimavaram, Andhra Pradesh
  19-Mar-25   19:00
Back Top