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Bajaj Finance to acquire up to 26% stake in Pennant Back
(17 Oct 2023)
Bajaj Finance has entered into a binding term sheet with Pennant Technologies (Pennant) on 16 October 2023 for acquisition up to 26% equity stake in Pennant. The cost of acquisition is Rs 267.50 crore. Pennant is engaged in providing business-driven technology services and software products for the banking and financial services industry.