New-age non-bank lender BharatPe is looking to sell anywhere between 10% and 25% stake in Unity Small Finance Bank, depending on buyer interest, two people with knowledge of the development said. The Peak XV-backed fintech firm currently holds around 49% stake in the small finance bank.
BharatPe is scouting for private equity firms and large family offices for the stake and has appointed investment bank Rothschild & Co. to help it look for buyers, the people cited above said on condition of anonymity.
"BharatPe is likely to sell more stake if more buyers line up," the first person cited above said, adding that as per its agreement with the Reserve Bank of India (RBI), the NBFC (non-banking finance company) has to bring down its stake in Unity SFB to 10% by 2028. The agreement was struck at the time a consortium of Centrum Financial Services Ltd and BharatPe acquired the small finance bank licence.
Bu hikaye Mint Mumbai dergisinin January 03, 2025 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin January 03, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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