PB Fintech acquires minority stake in YKNP Marketing Management

Image
Capital Market
Last Updated : Nov 19 2022 | 1:31 PM IST
PB Fintech has made an investment of USD 2 million and acquired 26.72% Shares of YKNP Marketing Management, a Limited Liability Company (LLC) through PB Fintech FZ-LLC, a wholly owned subsidiary of the Company.

Post investment, YKNP has become an associate of PB Fintech FZ-LLC, a wholly owned subsidiary of the Company and accordingly a related party.

This acquisition will provide the company access to banks of UAE where the company can start sourcing customer leveraging the YKNP agreement and field force. Further, YKNP has about majority business through Arabic population. The company will get access to sales team which can cater to Arabic customers.

YKNP Marketing Management is a leading provider of outsourced sales and marketing services for companies in the UAE. The Company mainly provide services including lead generation, sales consulting services, co-sourcing and sales outsourcing services.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 19 2022 | 1:11 PM IST

Next Story