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Satin Creditcare Network inks pact to acquire 9% stake in Jay Kay Financial Technologies

13 Dec 2021 Evaluate

Satin Creditcare Network has entered into an agreement to acquire 9% stake in Jay Kay Financial Technologies (Rupyo). The company aims to support growth of early stage Indian Fin-tech start-ups and stand with them in building significant scale to achieve its vision. The said acquisition is expected to be completed within the month of December, 2021.

Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.

Peers
Company Name CMP
Power Finance Corpn. 328.00
REC 300.00
NHIT 168.00
Satin Creditcare Net 223.65
IFCI 67.34
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