Bajaj Finance Ltd.

Bajaj Finance has entered into a binding term sheet with Pennant Technologies on October 16, 2023, for acquisition up to 26% equity stake in Pennant. Post the consummation of transaction, Pennant will become a related party. The object of the strategic investment is to strengthen company’s technology roadmap. Cost of acquisition is around Rs 267.50 crore. 

Pennant is engaged in providing business-driven technology services and software products for the banking and financial services industry.

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.