Thursday , October 21 2021

HDFC Bank inks pact to acquire stake in Lentra

HDFC Bank has executed an agreement for subscribing to 41,228 debentures (CCDs) issued by Lentra AI (Lentra) which are compulsorily convertible into 41,228 equity shares of Lentra at Rs 1,697.87 per equity share (Transaction).

The transaction is for acquiring 1.823% equity stake in Lentra (on a fully diluted basis) as a strategic investment by the Bank (upon conversion of CCDs).

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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