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Transcorp gets nod for slump sale of MTSS Business in India

Transcorp International has received an approval for the slump sale of the company's MTSS Business in India (MTSS Business means business of acting as Principal Agent for the Licensed International inward Money Transfer Operators (Overseas Principals) to facilitate International inward Money Transfer transactions in India under the MTSS licenses issued by Reserve Bank of India) as a going concern in terms of Business Transfer Agreement to You First Money Express (YMEPL). The Board of Directors of the company at their meeting held on January 04, 2017, considered and approved the same.

Transcorp International is leading forex and inward remittance solutions provider. The range of services offered by the company includes money changing and transfers; currency notes exports, car renting services and organising tours & travels.

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