Bharti Airtel divests in Seynse Technologies
Bharti Airtel has divested its stake in Seynse Technologies, as per the 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. However, it 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 the lending platform Loan Singh (www.loansingh.com). Loan Singh is a digital lending platform designed to make credit easily accessible to millions of creditworthy yet under-served Indians.
Annual turnover of Seynse as on March 31, 2020 stood at Rs 62.5 lakh.
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