Fino Payments Bank invests in PaySprint

Pursuant to the approval of the Board of Directors of Fino Payments Bank Limited ("Bank") for investment in Paysprint Private Limited ("PaySprint") and execution of the Share Subscription and Shareholders' Agreement ("SSSHA"), the Board of Directors of PaySprint has approved the allotment of 867 equity shares of face value of Rs. 10 each to the Bank at a premium of Rs. 28,801 per share aggregating to the total investment of Rs. 2,49,79,137, representing 7.98% of paid up share capital of PaySprint.

Source : Equity Bulls

Keywords

FinoPaymentsBank Investment PaySprint