ICICI Bank to acquire 9.9% stake in Tapits Technologies

ICICI Bank is acquiring 9.9% stake in Tapits Technologies for a consideration of Rs 99 lakhs though acquisition of 100 equity shares and 999 CCCPS. The transaction is expected to complete by February 2018.

Tapis enables merchants to acquire digital payments from customers through biometric authentication using Aadhaar Enabled Payment System (AEPS). It forms a part of digital payment business.

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