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Centrum Capital Limited ( (IN:CENTRUM) ) has provided an update.
Centrum Capital’s board has approved the transfer of its Merchant Banking division to its subsidiary Centrum Broking Limited via a slump sale on an as-is-where-is, going-concern basis for a consideration of Rs 1.79 crore, with completion expected in the next two to three months subject to regulatory approvals. The unit contributed only 0.32% to the company’s consolidated turnover in FY 2024-25, indicating a relatively minor revenue impact, while the intra-group, arm’s-length transaction and planned surrender of Centrum Capital’s merchant banker registration signal a restructuring of responsibilities within the group rather than an exit from capital markets, with implications mainly for regulatory alignment and internal business focus.
More about Centrum Capital Limited
Centrum Capital Limited is a Mumbai-based financial services firm engaged in investment and merchant banking, operating through various subsidiaries including Centrum Broking Limited and Centrum Financial Services Limited. The group focuses on capital markets, advisory and related financial services, with a diversified revenue base across its consolidated operations.
Average Trading Volume: 19,201
Technical Sentiment Signal: Sell
Current Market Cap: 11.06B INR
For an in-depth examination of CENTRUM stock, go to TipRanks’ Overview page.