ICICI Prudential Life Insurance has acquired 8.41% stake in Fino Paytech Ltd (FPL) for a total consideration of Rs 100 crore. FPL provides technology-based solutions and services related to financial inclusion. Earlier this month, FPL was granted payment bank licence by the RBI.
So, let’s discuss some questions related to this post:
Q1. Name the Private lender, which has acquired 8.41% stake in Fino Paytech Ltd (FPL) for a total consideration of Rs 100 crore?
Ans1. ICICI Prudential Life Insurance
Source-The Indian Express