Bajaj Finance has entered into a Securities Subscription Agreement, Shareholders’ Agreement and Share Purchase Agreement on November 25, 2022 to acquire up to 40% stake (fully diluted basis) in Snapwork Technologies by way of primary and secondary transactions. The acquisition is proposed with the intention to strengthen the Company’s technology roadmap. Cost of acquisition for acquiring 40% stake is upto Rs 93 crore.
Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.
Company Name | CMP |
---|---|
Bajaj Finance | 6021.60 |
Aditya Birla Capital | 136.10 |
Shriram Finance | 1248.25 |
L&T Finance Holdings | 86.40 |
Mah & Mah Finl. Serv | 225.55 |
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