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08 March, 2021 13:04 IST
Bharti Airtel divests stake in Seynse Technologies
Source: IRIS | 15 Jan, 2021, 07.39PM
Rating: NAN / 5 stars.
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   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).

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