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Cholamandalam Investment and Finance Company to acquire 72.12% stake in Payswiff Technologies

18 Jan 2022 Evaluate

Cholamandalam Investment and Finance Company is planning to acquire 72.12 per cent stake in fintech payment solutions provider Payswiff Technologies for Rs 450 crore. The company has signed a shareholders' agreement and Share Purchase Agreement with Payswiff, its founders and other existing shareholders. The cash deal may take place in one or more tranches at a price of Rs 1,622.66 per share.

Payswiff is an omni-channel payment transaction solution that lets business owners accept payments from their customers in-store, at home deliveries, online, and on-the-go using mPOS and POS solutions

Cholamandalam Investment and Finance Company is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.

Chola Invest & Fin. Share Price

1579.65 10.55 (0.67%)
17-Apr-2026 16:59 View Price Chart
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