India: PSU oil retailer BPCL picks up 21% stake in fintech firm Fino Paytech for $37.6m

India: PSU oil retailer BPCL picks up 21% stake in fintech firm Fino Paytech for $37.6m

Government-owned oil marketing company Bharat Petroleum Co Ltd (BPCL) has acquired 21 per cent stake in Fino Paytech for Rs 251 crore ($37.6 million) in an all cash deal. The transaction is expected to be completed by December 31.

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