Bharti Airtel, a leading private sector telecom company has divested its stake in Seynse Technologies (Seynse). The stake was held through Nettle Infrastructure Investments, a wholly-owned subsidiary of the company.
The divestment of 6,824 equity shares was for a cash consideration.
The company 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. Annual turnover of Seynse as on Mar.31, 2020 stood at Rs 6.25 million.
Shares of the company gained Rs 22.3, or 3.84%, to settle at Rs 602.50. The total volume of shares traded was 1,249,744 at the BSE (Friday).
