Thursday 19 January 2017

ICICI Pru acquires 8.41% stake in Fino Paytech for Rs 100 crore

ICICI Pru acquires 8.41% stake in Fino Paytech for Rs 100 crore
ICICI Prudential Life Insurance has acquired 8.41 per cent stake in Fino Paytech Ltd (FPL) for a total consideration of Rs 100 crore. FPL provides technology-based solutions and services related to
financial inclusion. Earlier this month, FPL was granted payment bank licence by the RBI.

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