BharatPe’s parent entity Resilient Innovations is looking to sell 25% of its stake in the bank
The fintech is mulling to raise $800 Mn via this deal
The company currently owns 49% stake in the bank
Fintech giant BharatPe’s parent entity Resilient Innovations is reportedly looking to sell its stake in Unity Small Finance Bank (Unity SFB).
The company is mulling to raise $800 Mn by selling 25% of its stake in the bank, BS reported citing sources close to the matter.
Inc42 has reached out to BharatPe
for comments on the development. The story will be updated based on the response.
It is pertinent to note that Resilient Innovations owns 49% stake in Unity SFB. This offloading aligns with BharatPe’s regulatory requirement to trim down its holding in the bank to 10% by 2029.
(The story will be updated soon)