Escrow Trusteeship
Normally when transaction is based on certain happening an Escrow Agent i.e. impartial party is appointed as Escrow Agent. For example, in case of takeover / merger case, Escrow Agent monitors the transfer of shares against payment / fulfillment of certain agreed conditions.
As an Escrow Agent / Trustee we, STCL inter alia :
- draft and vet the Escrow Agreement and define the flow as required under the transaction structure
- facilitate finalization and completion of necessary documentation
- hold shares / money or any other asset in the Escrow Account
- monitor the Escrow Account