Alok Rajesh Nanavaty entered into share purchase agreement to acquire Centrum Capital International Limited and Centrum Capital Pte Ltd from Centrum Capital Limited for HKD 1.9 million in a management buy-out transaction.

Alok Rajesh Nanavaty entered into share purchase agreement to acquire Centrum Capital International Limited and Centrum Capital Pte Ltd from Centrum Capital Limited (BSE:501150) for HKD 1.9 million in a management buy-out transaction on November 17, 2023. The consideration price for Centrum Capital International Limited is HKD 735,000 and Centrum Capital Pte Ltd HKD 1.17174 million. Centrum Capital International Limited and Centrum Capital Pte Ltd reported turnover of HKD 735,000 and net worth of HKD 1,171,740(SGD 202,000) for FY 2022-23.

The transaction is expected to close within 30 days.