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Lenders, homebuyers approve Suraksha Group s proposal to acquire Jaypee Infratech
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Suraksha group gets lenders, homebuyers approval to buy Jaypee Infratech
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Lenders, homebuyers approve Suraksha Group s proposal to acquire Jaypee Infratech
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Volkswagen Finance picks up majority stake in KUWY Technology Service
Volkswagen Finance picks up majority stake in KUWY Technology Service
Mumbai, Jan 11: Volkswagen Finance on Monday said it has increased its shareholding in Chennai-based instant lending digital platform, KUWY Technology Service, by picking up a majority stake in the latter.
Volkswagen Finance had earlier in September 2019 picked up 25 per cent stake in KUWY Technology Service Pvt Ltd.
“Volkswagen Finance Pvt Ltd (VWFPL) India has increased its shareholding in KUWY Technology Service Pvt Ltd by picking up a majority equity stake in the company,” Volkswagen Finance said in a release.
“With this acquisition (additional stake), which came into effect on January 5, 2021, Volkswagen Finance Pvt Ltd will grow its new and used-car business through KUWY’s pan-India network on car financing,” it added.