Century 21st Portfolio to acquire business of

Century 21st Portfolio to acquire business of Harvy Stock Trade Reached an in-principle understanding on 24 July 2008 Century 21st Portfolio has reached an in-principle understanding to acquire the business of Harvy Stock Trade, Hyderabad. The deal was negotiated and an in-principle understanding was reached on 24 July by both the companies.The acquisition is subject to due diligence, statutory compliances and approvals that are required. This acquisition would enable the company to penetrate into its core business of capital market activities like stock broking, commodity broking and other related activities.Harvy Stock Trade is into the business of stock broking, IPO placement and related activities for the last 5 years. It's having 8 branches at Charminar, Banjara Hills, Secunderabad and Faridabad etc with about 800 clientele. Presently the company is associated as sub broker with Angel Group, members of BSE & NSE. With this acquisition the Business of the company will expand considerably and more growth will take place in coming days.The company made this announcement during the trading hours today, 24 July 2008.