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Edelweiss Financial Services intimates of cessation of subsidiary - Cross Border Synergy

Capital Market 

EFSL Comtrade completes sale of Cross Border Synergy for Rs 8.47 crore

Edelweiss Financial Services announced that its subsidiary, EFSL Comtrade, on 06 December 2017 closed the transaction with fulfilment of the conditions precedent pursuant to the Share Sale & Purchase Agreement ('Agreement') executed with Searock International (Buyer) on 05 September 2017, for sale of its wholly owned subsidiary in Singapore namely Cross Border Synergy (Formerly Edelweiss Commodities) for a consideration of Rs. 8.47 crore.

Consequent to the above, Cross Border Synergy ceases to be a subsidiary of EFSL Comtrade and, in turn of the Company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 07 2017. 11:00 IST