Equitas Holdings completes sale of Equitas Technologies

India's Equitas Holdings Ltd. completed the sale of its entire stake in Equitas Technologies Pvt. Ltd. to Goldstone Technologies Ltd.

The company received the initial payment of 64.7 million rupees from Goldstone Technologies. The balance of 15 million rupees will be paid within the next six months, according to a July 5 release.

Equitas Technologies ceased to be a subsidiary of Equitas Holdings.

As of July 5, US$1 was equivalent to 79.27 Indian rupees.