Other Private Equity/Strategic Investments
Kotak to acquire 10% stake in stock analytics firm Kredent for Rs.10-Cr
Kotak Securities Ltd (KSL), a subsidiary of Mumbai-based, publicly listed Kotak Mahindra Bank, is to invest INR 10 crore for a 9.96% stake in Kolkata-based Kredent InfoEdge Pvt Ltd (KIPL). KSL will acquire 100 equity shares at a price of INR 151.61 each and 6,59,436 CCCPS at INR 151.61 each in KIPL. Post deal, KSL will explore providing e-learning and digital value-added services to its customers. KIPL has three brands under its fold: eLearnMarkets for financial education training, StockEdge which is into data analytics for stock markets, and StockEdge Club which is a social marketplace for investors and traders. KIPL had a turnover of INR 14.1 crore in FY21.
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