Current Affairs - Business - Discussion
Discussion Forum : Business - Latest Current Affairs (Q.No. 87)
87.
What percentage of its stake in Unity Small Finance Bank does BharatPe plan to sell?
Answer: Option
Explanation:
BharatPe, a leading fintech company, plans to sell 25% of its 49% stake in Unity Small Finance Bank as part of its strategy to comply with RBI regulations. This stake sale aims to raise approximately $800 million (Rs 6,500 crore) and will help BharatPe align with the requirement to reduce its stake to 10% by 2029. The appointment of Rothschild & Co underscores the significance of this move, which is expected to contribute to the bank's financial growth and regulatory compliance while enhancing BharatPe’s strategic focus.
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