Other Private Equity/Strategic Investments
Bajaj Finance to buy 26% in BFSI tech co. Pennant for Rs.268-Cr
Bajaj Finance is to acquire a 26% stake in Hyderabad-based technology services and software products company Pennant Technologies Pvt Ltd for INR 267.50 crore. Incorporated in November 2005, Pennant provides business-driven technology services and software products for the banking and financial services industry. Its total revenue increased to INR 74.28 crore in FY23 from INR 52.07 crore in FY22.
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