Reliance Capital acquires stake in tech-based lending firm

Reliance Capital today acquired 22.08 per cent stake in technology-based lending platform Billionloans Financial Services Private Limited.

The equity stake was acquired in an all cash deal at a cost of Rs 7 crore, the company said in a regulatory filing.

Billionloans Financial Services Private Limited is a technology based B2B and B2C lending platform incorporated in 2016-17.