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Centrum on Tuesday announced the sale of Centrum Direct to Ebix, an American software and services company, for Rs1,200 crore. The entire team and assets of Centrum Direct will be transferred to
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Shares of Centrum Capital will remain in investors’ focus, as the Centrum group has decided to exit its forex business under the brand name Centrum Direct, by selling it to Atlanta-based Ebix
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Reports published by The Economic Times and Mint said Centrum Direct is raising $50 million (around Rs 338 crore) by diluting 30% stake at a valuation of about Rs 1,000 crore.. Last week, Centrum Capital’s subsidiary Buyforex India Ltd acquired 100% equity shares of Krish And Ram Forex Pvt. Ltd from Business Match Services (India) Ltd and accordingly, Krish And Ram Forex become a step-down
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Centrum Capital Ltd, and its group subsidiaries Centrum Infrastructure & Realty Ltd, FCH Centrum Direct Ltd, Centrum Broking Pvt. Ltd. and FCH Centrum Wealth Managers Limited provides value added products an services in both public and private sector to both individuals and corporate across the country. Its headquartered are at Mumbai.
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Read more about Centrum Group sells forex biz to Ebix for Rs 1,200 cr on Business Standard. Diversified financial services player Centrum Group has decided to exit the forex business under brand name Centrum Direct by selling it to Atlanta-based Ebix Inc for around Rs 1,200 crore.Nasdaq-listed Ebix has over 50 offices across five
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