Group of PE investors led by Jacob Ballas bought 30% stake in Centrum Direct by paying 340 crores. This deal values Centrum Direct alone at 1000 -1100 CR.. Market cap of centrum capital (which holds 100% shares of centrum direct) is 1500 CR..
Funds may be utilised for housing finance biz and SME finance.. They also have formed an equity fund of 500 CR to fund SmE & mid size cos..
Ex stanchart Asia CEO Jaspal Bindra have joined the company as a chairman in 2016 by picking up near about 18-20 % stake in the company.
Recently the promoters hiked stake in centrum .
On ground they have appointed CEOs for various business and hiring is going on in full speed .
Got housing finance license and have appointed sanjay shukla ex CEO of centbank home finance.
http://www.livemint.com/Companies/HeH0FBceT5fdGOhsLGig8O/PE-investors-buy-stake-in-Centrums-forex-business.html
Funds may be utilised for housing finance biz and SME finance.. They also have formed an equity fund of 500 CR to fund SmE & mid size cos..
Ex stanchart Asia CEO Jaspal Bindra have joined the company as a chairman in 2016 by picking up near about 18-20 % stake in the company.
Recently the promoters hiked stake in centrum .
On ground they have appointed CEOs for various business and hiring is going on in full speed .
Got housing finance license and have appointed sanjay shukla ex CEO of centbank home finance.
http://www.livemint.com/Companies/HeH0FBceT5fdGOhsLGig8O/PE-investors-buy-stake-in-Centrums-forex-business.html
Hi Sir, any new gems from you? Your stock findings are awesome.
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