Ecap Equities Limited has sold its stake in Lichen Metals Pvt Ltd
Posted On: 2021-04-01 08:45:16 (Time Zone: Arizona, USA)
Ecap Equities Limited, a wholly owned subsidiary of Edelweiss Financial Services Limited has on March 31, 2021 vide agreement of even date sold its 100% stake in its subsidiary Lichen Metals Private Limited (LMPL) for a consideration of Rs. 0.22 crores. During the financial year ended March 31, 2020, LMPL contributed Rs. 2.45 crores to the consolidated turnover (reflecting 0.03% of the total consolidated revenue) and Rs. 26.77 crores of the consolidated net worth (reflecting 0.37% of the consolidated net worth). The transaction has been closed.
The said transaction is not with the Promoter or Promoter Group or Group Companies and not a Related Party Transaction. No regulatory approvals are required for this transaction.
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