Almondz Global To Divest Entire Stake In ADAL
2019-03-26 Disinvestment Other Services Northern India
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.