Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 18 2018

Crest Ventures to buy 48% stake in Tullett Prebon India

Crest Ventures’ consolidated income from operations stood at Rs 94.46 crore in 2017-18 as against Rs 46.37 crore in the previous year.

Crest Ventures to buy 48% stake in Tullett Prebon India

Non-banking financial company Crest Ventures Ltd has agreed to buy the 48% stake it doesn’t already own in Tullett Prebon (India) Ltd from Prebon Holdings BV for Rs 4.52 crore ($670,000) in cash.

Crest Ventures’ stake in Tullett Prebon (India) after the acquisition will increase to 99.99% from 51.99%, it said in a stock-exchange disclosure.

The acquisition is subject to regulatory approvals and is likely to be completed in next two months.

Crest Ventures operates mainly under three verticals real estate, financial services, and investments and credit.

Tullett Prebon (India) was formerly known as Prebon Yamane (India). It is an affiliate of London-based global interdealer broker Tullett Prebon.

Tullett Prebon (India) is an intermediary in the wholesale debt market, foreign exchange market and rupee options. It began operations in 1999.

The company’s turnover stood at Rs 18.32 crore in the year through March 2018.

Crest Ventures’ consolidated income from operations stood at Rs 94.46 crore in 2017-18 as against Rs 46.37 crore in the previous year.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    BUILDING INDIAS LARGEST CLOUD KITCHEN PLATFORM WITH KEY CUISINE CATEGORIES..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Fine Dine Restaurants
    About Us: Manbhavan means ‘pleasing mind’. True to its name, we..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • About Us: ALKALINE WATER IONIZER IS A FUTURISTIC PRODUCT , VERY..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Real Estate Sub
    About Us: Colive is a technology enabled network of fully- managed..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 50000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities