HDFC Bank acquires minority stake in fintech startup Mintoak at $3.7 Mn
Shortpedia
Content Team
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Banking major HDFC Bank has acquired a 7.75% stake in fintech startup Mintoak in an all-cash deal. Following the acquisition, the bank will be acquiring the stake at $3.7 Mn (INR 31.14 Cr). According to regulatory filings, HDFC Bank has been allotted 21,471 fully paid-up Compulsory Convertible Preference Shares (CCPS) and 10,538 fully paid-up equity shares at a price of INR 9,731 apiece.
