Don’t miss the latest developments in business and finance.

Centrum Capital executes business transfer agreements among subsidiaries

Image
Capital Market
Last Updated : Oct 26 2021 | 9:31 PM IST
Centrum Capital announced that the following documents have been executed today:

l. Business transfer Agreement (BTA) between Centrum Financial Services (CFSL), subsidiary company of the Company and Unity Small Finance Bank (USFB), step down subsidiary company of the Company, for the sale/ transfer of 'business undertaking' of CFSL to USFB via a slump sale, on a going concern and 'as-is-where-is' basis.

2. Business transfer Agreement (BTA) between Centrum Microcredit (CML), subsidiary company of the Company and USFB, step-down subsidiary company of the Company, for the sale/ transfer of 'business undertaking' of CML to USFB via a slump sale, on a going concern and 'as-is-where-is' basis.

3. Shareholders Agreement (SHA) executed between CFSL, Resilient Innovations (RIPL) and USFB in connection with the shareholding of CFSL and RIPL in USFB.

The aforesaid agreements will become effective from the date Commencement of Business by USFB.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Oct 26 2021 | 9:09 PM IST

Next Story