Telecom Giant Bharti Airtel Divests Stake In Seynse Technologies

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.

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 Rs 62.5 lakh.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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