Bajaj Finance inks pact to acquire 40% stake in Snapwork Technologies

26 Nov 2022 Evaluate

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.

Bajaj Finance Share Price

6021.60 265.60 (4.61%)
30-Jan-2023 18:01 View Price Chart
Peers
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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