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    Bharti Airtel divests stake in Seynse Technologies

    Synopsis

    Telecom operator Bharti Airtel 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 Limited.

    Airtel
    New Delhi: Telecom operator Bharti Airtel 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 Limited.

    The divestment of 6,824 equity shares was for a cash consideration.

    "...the company has divested its stake in Seynse Technologies Private Limited 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.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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