Bharti Airtel Divests Stake In Seynse Technologies
The stake was held through Bharti Airtel’s wholly-owned subsidiary Nettle Infrastructure Investments Limited.
Telecom operator Bharti Airtel Ltd. has divested its stake in Seynse Technologies, according to a regulatory filing.
The stake was held through Bharti Airtel's wholly-owned subsidiary Nettle Infrastructure Investments Ltd.
The divestment of 6,824 equity shares was for a cash consideration.
"...the company has divested its stake in Seynse Technologies Pvt. Ltd. held through Nettle Infrastructure Investments, a wholly-owned subsidiary of the company," Bharti Airtel said in a late evening filing on Thursday.
It, however, did not disclose the price at which the shares were divested "for the reasons of confidentiality".
Seynse is a financial technology company that has created Loan Singh platform.
Loan Singh is a digital lending platform aimed at making credit easily accessible to millions of creditworthy yet under-served Indians, it informed.
Annual turnover of Seynse as on March 31, 2020 stood at Rs 62.5 lakh.