Corporate Announcement
Security Code : 532745    Company : INDICAP    
Slump Sale Of Equity Broking Business Of The CompanyDownload PDF Download XBRL
  Exchange Received Time  18/05/2018 09:48:02         Exchange Disseminated Time   5/18/2018 9:48:10 AM              Time Taken   00:00:08
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of the Company at its meeting today has decided to recommend the following business to the members for their approval:

Slump sale of Equity Broking Business of the Company to Choice Equity Broking Private Limited for consideration of an amount of Rs. 32 crores subject to Statutory and Regulatory Approvals.

The approval of the members is being sought through Postal Ballot/evoting.



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