Tuesday, June 8, 2010

Exhilway Finance revokes investment in SMC Global

Exhilway Finance have rolled back investment plan with SMC Global ahead of cold response from management.
Exhilway Finance Canada's leading financial group have revoked investment plan in New Delhi, India based SMC Global thus ending there six months long talks. Exhilway Finance in September last year announced investment of US $10 million in SMC Global to expand arbitrage and broking business. "SMC's response to our offer was cold might be they have not received go ahead from there international investor Sanlam Group. Exhilway is positive on India and we may invest with mid sized broker in next few months" said Rahul Kumar, CEO, Exhilway Finance.

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