|
| Exchange Received Time 27/07/2017 12:16:29 Exchange Disseminated Time 27/07/2017 12:16:46 Time Taken 00:00:17 | This is to inform you, pursuant to approval from the Board of Directors of the Bank accorded on Wednesday, 26th July 2017, the Bank has today entered into a Share Purchase Agreement ('SPA') with Jasper Infotech Private Limited ('Snapdeal'), to acquire 100 % equity capital of Accelyst Solutions Private Limited ('Accelyst') & Freecharge Payment Technologies Private Limited ('FPTPL') (Accelyst and FPTPL collectively referred to as 'Freecharge'), subject to receipt of requisite regulatory approvals, including from the RBI, for a cash consideration of Rs. 385 crores.
The particulars of the proposed acquisition are provided in the Annexure hereto.
|
|
|