HDFC Bank acquires 7.75 per cent stake in fintech start-up Mintoak for Rs 31.1 crore

The bank said in a regulatory filing that it has executed agreements on December 13 to subscribe to 21,471 fully paid up Compulsory Convertible Preference Shares (CCPS) of face value of Rs. 20 each at a premium of Rs. 9,711 for an aggregate consideration of Rs. 9,731 per CCPS to be issued by Mintoak.

from Banking/Finance-Industry-Economic Times https://ift.tt/zZD1UkT