menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Business News

>

Partners G...
source image

HinduBusinessLine

2w

read

348

img
dot

Image Credit: HinduBusinessLine

Partners Group to acquire majority stake in Infinity Fincorp for ₹1,950 crore

  • Partners Group is set to acquire a majority stake in Infinity Fincorp for ₹1,950 crore, involving a primary capital infusion of ₹600 crore and secondary share purchases from existing shareholders.
  • Infinity Fincorp, which focuses on lending to small and medium enterprises in Tier II and III towns across eight Indian States, plans to use the capital to expand branches and enhance technology for customer onboarding and lending operations.
  • The deal is pending regulatory approval from the Reserve Bank of India (RBI) and aims to further empower entrepreneurs and business owners in smaller towns through tailored lending solutions.
  • Partners Group and other investors acknowledge Infinity's growth trajectory and management's credit expertise, expressing confidence in the company's potential to become a leading lender in the MSME sector.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app