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Source: Economic Times

Economic Times
Source
Banking Sector
Category
4 min
Read time
14 Aug
Published
Banking Sector
4 min read· Economic Times

Neo Wealth buys a 9.6% stake in Keertana Finserv

Neo Wealth Partners invested ₹230 crore for a 9.6% stake in Keertana Finserv. This investment values Keertana at 2.3 times its net worth. The acquisition involved 16 million compulsorily convertible preference shares. Keertana Finserv is a fast-growing gold loan lender promoted by Padmaja Reddy. The firm approved the i…

Neo Wealth Partners invested ₹230 crore for a 9.6% stake in Keertana Finserv. This investment values Keertana at 2.3 times its net worth. The acquisition involved 16 million compulsorily convertible preference shares. Keertana Finserv is a fast-growing gold loan lender promoted by Padmaja Reddy. The firm approved the i

Source: Economic Times