Almondz Global Securities Limited has informed that the board of directors of the company at its meeting approved the proposal to transfer the entire stake i.e. 70% in ‘Almondz Debt Advisors Limited’, (ADAL) (CIN: U67100DL2011PLC228905) and such transfer will result in cessation of Holding-Subsidiary relationship between ‘Almondz Global Securities Limited’ (AGSL) and ‘ADAL’. 

Brief details of the buyer: Eversheds' Services Private Limited, a Company registered under Companies Act, 1956 and having its registered office at 158, Upper Ground Floor, Pratap Nagar, Jail Road, New Delhi - 110064.