Shares of Centrum Capital will remain in investors’ focus, as the Centrum group has decided to exit its forex business under the brand name Centrum Direct, by selling it to Atlanta-based Ebix Inc for about ₹1,200 crore. As part of the deal, the entire Centrum Direct team and assets will be transferred to Ebix and will become part of EbixCash, an end-to-end financial exchange.
The deal, subject to shareholder and regulatory approvals, is expected to be closed within 60 days.