DB International Stock Brokers Proposes Transfer Of Major Client Business

Board approved transfer of major client business in trading, DP, MF and other products to buyer yet to be identified, subject to EGM and regulatory approvals. First move to sell core broking franchise rather than expand it; single-segment broker now putting fee base on block after two-year earnings slide on weak prop book. No buyer, price, valuation, timeline or deal structure disclosed; execution, continuity and use of proceeds unclear pending MoU, shareholder and regulatory approvals.