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 49.45 crore in the June 2023 quarter
 ( Results - Announcements 12-Aug-23   16:39 )
  Centrum Capital to announce Quarterly Result
 ( Corporate News - 25-Jun-24   09:42 )
  Centrum Capital update on sale of stake in Centrum Housing Finance
 ( Corporate News - 04-Feb-26   12:45 )
  Centrum Capital to hold AGM
 ( Corporate News - 10-Jul-24   09:28 )
  Centrum Capital reports consolidated net loss of Rs 32.53 crore in the March 2023 quarter
 ( Results - Announcements 20-May-23   07:32 )
  Centrum Capital rises after Govt OKs PMC Bank amalgamation scheme
 ( Hot Pursuit - 28-Jan-22   10:30 )
  Board of Centrum Capital approves fund raising up to Rs 1500 cr via NCD and QIP issue
 ( Corporate News - 22-Jun-21   17:47 )
  Centrum Capital standalone net profit rises 95.41% in the December 2016 quarter
 ( Results - Announcements 10-Feb-17   15:37 )
  Centrum Capital standalone net profit rises 34.00% in the September 2016 quarter
 ( Results - Announcements 09-Nov-16   09:47 )
  Centrum Capital to hold AGM
 ( Corporate News - 19-Jul-22   18:31 )
  Centrum Capital to discuss results
 ( Corporate News - 29-Nov-19   10:39 )
Other Stories
  Archean Chemical Industries schedules AGM
  12-May-26   09:09
  Board of Archean Chemical Industries recommends final dividend
  12-May-26   09:09
  Shares of Bombay Super Hybrid Seeds debut list in B group
  12-May-26   09:07
  Harmony Capital Services to convene AGM
  12-May-26   09:05
  H.G. Infra Engineering secures road project of Rs 3931 cr from Welspun Enterprises
  11-May-26   21:03
  HFCL wins export orders of Rs 183.95 cr
  11-May-26   21:02
  Magnus Steel & Infra receives orders for upcoming facilities of Tata Motors
  11-May-26   20:59
  Sarda Energy & Minerals to conduct board meeting
  11-May-26   17:40
  Board of JSW Energy recommends final dividend
  11-May-26   17:40
  Abans Financial Services to convene board meeting
  11-May-26   17:39
Back Top