Bharti Airtel divests stake in Seynse Technologies

    The stake was held through Bharti Airtel's wholly-owned subsidiary Nettle Infrastructure Investments Limited.
    By: PTI
    | Updated on: Jan 15 2021, 16:48 IST
    Bharti Airtel
    Bharti Airtel (Reuters)
    Bharti Airtel
    Bharti Airtel (Reuters)

    Telecom operator Bharti Airtel has divested its stake in Seynse Technologies, according to a regulatory filing.

    The stake was held through Bharti Airtel's wholly-owned subsidiary Nettle Infrastructure Investments Limited.

    The divestment of 6,824 equity shares was for a cash consideration.

    "...the company has divested its stake in Seynse Technologies Private Limited held through Nettle Infrastructure Investments, a wholly-owned subsidiary of the company," Bharti Airtel said in a late evening filing on Thursday.

    Also read: NSIC, Airtel team up to drive digital transformation of MSMEs

    It, however, did not disclose the price at which the shares were divested "for the reasons of confidentiality".

    Seynse is a financial technology company that has created Loan Singh platform.

    Loan Singh is a digital lending platform aimed at making credit easily accessible to millions of creditworthy yet under-served Indians, it informed.

    Annual turnover of Seynse as on March 31, 2020 stood at 62.5 lakh. 

    Follow HT Tech for the latest tech news and reviews , also keep up with us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

    First Published Date: 15 Jan, 16:48 IST
    NEXT ARTICLE BEGINS
    keep up with tech