Tag Archives: Stake Acquisition

In a significant development in the fintech industry, Gautam Adani, the chairman of the Adani Group, is reportedly in discussions to acquire a stake in One 97 Communications, the parent company of Paytm. According to a report in the Times of India, talks between Adani and Vijay Shekhar Sharma, the founder and CEO of Paytm, have been ongoing for a while, with a recent meeting held on May 28 in Ahmedabad to finalize the deal's contours.

Renowned investor Rajiv Jain's GQG Partners has purchased a 2.58% stake in IDFC First Bank for approximately Rs 1,527 crore, instilling optimism in the bank's prospects.