Gulf Investment to exit from Parsoli
Gulf Investment Services (GIC) Holding took the decision to end its investment in India-based Parsoli Corporation.
GIC and Baader Bank of Germany have invested in Parsoli Corporation in 2006. The investment didn't end well because of imprudent actions of the promoters of the company and both the foreign investors decided to exit from this investment in 2010.
Referring to the group's exit from the UAE business, it is anticipated to be completed soon as the liquidation proceedings are at an advanced stage.
Syndicate
