Corporate Actions
Fino Payments Bank spurts after Capri Global Holdings buys stake

24-Nov-22   14:42 Hrs IST
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

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.