Indiabulls Ventures Limited - 532960 - Transfer Of Stock Broking Undertaking Of Indiabulls Ventures Limited (The Company) Vide Slump Sale Pursuant To Business Transfer Agreement
In furtherance to Company''s intimations dated January 14, 2019, January 31, 2019, June 5, 2019 and July 31, 2019 regarding execution of Business Transfer Agreement with Indiabulls Securities Limited ('ISL') [erstwhile named as Indiabulls Commodities Limited], a wholly owned subsidiary Company, regarding the sale and transfer of Stock Broking Business of the Company, we wish to inform that, upon receipt of all requisite approvals from the statutory / regulatory authorities, the Company has completed the formalities regarding transfer of its said business to its 100% subsidiary ISL and with effect from today i.e. February 21, 2020, the Stock Broking Business of the Company stands transferred and vested on on-going basis to ISL.21-02-2020