Following this sale, Piramal Enterprises will not hold any stake in Shriram Finance.
PhonePe had proposed a cash offer of $90 million to acquire ZestMoney.
With the cancellation of the Certificate of Registration (CoR), the two NBFCs should not conduct Non-Banking Financial Institution (NBFI) business
A total of 2.1 crore Paytm shares, representing a 3.4% stake in the company, were traded in a block deal.
Paytm witnessed continued consumer base expansion, with average monthly transacting users (MTU) at 89 million in January 2023.
Apax Partners offered up to 6% discount on the block deal sale.
Loans sold in the year totalled Rs35,937 crore.
The funding will enable SFL to further its financial inclusion mission.
The partnership will introduce ‘credit cards’ as a new product segment under the banks' portfolio.
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