India Infoline to sell shares of subsidiary to DSP Merrill Lynch Ltd

India Infoline Ltd has announced that the company has entered into a Memorandum of Understanding with DSP Merrill Lynch Ltd to sell off its shareholding in the subsidiary company, Khambhat Investment & Trading Company Pvt Ltd subject to necessary approvals. Consequent to the above Khambhat Investment & Trading Company Pvt Ltd, will cease to be the subsidiary of the Company.

Source : Equity Bulls

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