Fino Payments Bank rose 15.97% to Rs 267.55 after investor Capri Global Holdings bought 1.59% stake in the company via bulk deal on Wednesday, 23 November 2022.
As per the bulk deal data on the NSE, Capri Global Holdings bought 13,19,853 shares, or 1.59% equity, in Fino Payments Bank at an average price of Rs 228.77 per share.Mumbai-based Fino Payments Bank, a subsidiary of Fino Paytech, operates on an asset light business model that principally relies on fee and commission based income generated from merchant network and strategic commercial relationships.
The bank's revenue rose 25% YoY to Rs 303 crore in Q2FY23. EBITDA and PAT grew by 71% and 75% YoY to Rs 30.5 crore and Rs 13.8 crore, respectively. EBITDA margins widened to 10.1% in Q2FY23 from 7.4% in Q2FY22.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app