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.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.