Normally when transaction is based on certain happening or any property is to be held by a third party disposal of which is to depend on happening or non happening of certain event (s) then 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