Escorts along with other shareholders of Escorts Securities (ESL) have entered into a Share Purchase Agreement (SPA) with Choice Equity Broking (the Acquirer') a wholly owned Subsidiary of Choice International, to sell and transfer their entire shareholding in ESL to the Acquirer, subject to obtaining all applicable regulatory approvals.
Upon completion of the aforesaid transaction in terms of the SPA, Escorts will sell and transfer its entire 40.444% shareholding in ESL and ESL will cease to be subsidiary of the Company.
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