<article><p>Mytrah Mobility has bagged $1b financing from UN-backed Green Climate Fund, while Hitachi Payment Services is acquiring 26 per cent stake in SBI Payment Services. Also, Dena Bank is selling 14 of its prime properties.</p></article>

<p>Mytrah Mobility has bagged $1b financing from UN-backed Green Climate Fund, while Hitachi Payment Services is acquiring 26 per cent stake in SBI Payment Services. Also, Dena Bank is selling 14 of its prime properties.</p>
<h3>Mytrah Mobility gets $1b funding from UN-backed Green Climate Fund</h3>
<p>UN-backed Green Climate Fund (GCF) will be channelising funds worth $1 billion Gurgaon-based electric vehicle solutions firm Mytrah Mobility, according to a Business Standard<strong><a href="https://www.business-standard.com/article/companies/mytrah-mobility-bags-1-billion-gcf-funding-for-electric-bus-programme-119012100722_1.html" target="_blank" rel="noopener"> report</a></strong>.</p>
<p>The company is said to be be implementing the largest of its kind funding programme for electric buses and allied infrastructure in India. The funding from GCF, which Mytrah will be availing the funding through Small Industries Development Bank of India,  will help finance 5,000 electric buses.</p>
<p>The GCF provides long-term low-cost (10-15 years) financing.</p>
<h3>Hitachi Payment Services picks up 26% stake in SBI unit</h3>
<p>Hitachi Payment Services has signed an agreement to acquire 26 per cent stake in SBI Payment Services, a card acceptance and digital payment platform owned by State Bank of India.</p>
<p>While the financial details of the deal were not disclosed, according to an official statement, after allotment of the shares, SBI&#8217;s shareholding in SPSPL will reduce to 74 per cent from existing 100 per cent.</p>
<p>In October last year, both companies had agreed to form a joint venture to provide various payment options to customers and merchants focusing on areas such as rollout of a nationwide card acceptance infrastructure, quick response (QR) code acceptance, Unified Payment Interface (UPI), mass transit sector and e-commerce businesses.</p>
<h3>Dena Bank puts 14 properties on the block</h3>
<p>Dena Bank, has put up for sale 14 of its prime properties valued at a total of Rs 540 crore, ahead of its merger with Bank of Baroda, said a source-based Times of India <strong><a href="https://timesofindia.indiatimes.com/city/mumbai/denas-jvpd-property-valued-at-107cr/articleshow/67632796.cms" target="_blank" rel="noopener">report</a></strong>.</p>
<p>According to the news report, Dena Bank has appointed Anarock Property Consultants to advice on the sale.</p>
<p>&#8220;The bank is selling its assets to free up capital and clean up its books before the merger with Bank of Baroda. Both Dena and Vijaya will be selling more assets, which are properties owned by them before nationalisation,&#8221; said one of the sources cited in the report.</p>
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<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/dena-bank-to-sell-properties-worth-65m-112834/" target="_blank" rel="noopener">Public sector lender Dena Bank to sell properties worth $65m before merger</a></strong></span></p>
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Mytrah Mobility has bagged $1b financing from UN's Green Climate Fund, while Hitachi Payment Services is acquiring 26% stake in SBI Payment Services. Also, Dena Bank is selling 14 of its prime properties.

India Digest: Mytrah Mobility, Hitachi Payment, Dena Bank in the news

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