Bajaj Finance stated that the acquisition of Snapwork Applied sciences has been proposed with the intention to strengthen the corporate’s expertise roadmap.
Purchase / Promote Bajaj Finance share
Bajaj Finance Ltd. has introduced plans to amass as much as 40 p.c stake in Mumbai-based expertise companies agency Snapwork Applied sciences Pvt. Ltd. for as much as Rs 93 crore.
The acquisition of Snapwork Applied sciences has been proposed with the intention to strengthen the corporate’s expertise roadmap. The corporate plans to finish the acquisition by December 31, 2022.
Bajaj Finance additionally clarified that the acquisition was presently not a related-party transaction.
Included in September 2008, Snapwork Applied sciences is engaged within the enterprise of creating, consulting, offering, exporting, importing, advertising and marketing, dealing in, and implementing software program expertise and allied merchandise for its shoppers and conducting analysis and growth for a similar.
The Bajaj Finance inventory is presently buying and selling at Rs 6,795.10, up 0.71 p.c.
(Edited by : Rukmani Krishna)
