Tuesday, December 13, 2022

HDFC Bank acquires 7.75 per cent stake in fintech start-up Mintoak for Rs 31.1 crore

The bank said in a regulatory filing that it has executed agreements on December 13 to subscribe to 21,471 fully paid up Compulsory Convertible Preference Shares (CCPS) of face value of Rs. 20 each at a premium of Rs. 9,711 for an aggregate consideration of Rs. 9,731 per CCPS to be issued by Mintoak.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-bank-acquires-7-75-per-cent-stake-in-fintech-start-up-mintoak-for-rs-31-1-crore/articleshow/96215918.cms

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