Edelweiss Financial Services to sell its 70 pc stake in insurance broking JV for Rs 307.60 cr

The company said, as per the agreement 37,00,000 equity shares of Rs 10 each representing 70 per cent of the paid up share capital of Edelweiss Gallagher Insurance Brokers held by the company to be sold for a consideration of Rs 307.60 crore, in one or more tranches, in the manner as set out in the agreement.

from Banking/Finance-Industry-Economic Times https://ift.tt/3yazFne