ICICI Bank to buy stakes in two fintech companies for Rs 6.03 crore
CityCash is a bus transit-focused payments technology company which provides ticketing system technology to state transport corporations. Thillais Analytical Solutions operates a neo-banking platform Vanghee, which facilitates connected banking solutions for corporates and MSMEs, and helps banks deepen their customer relationships. As per two separate deals entered by the bank on Tuesday, ICICI Bank will buy 5.40 per cent stake in CityCash for Rs 4.93 crore (Rs 49.34 million) and 9.65 per cent in Thillais Analytical Solutions Pvt Ltd for Rs 1.1 crore (Rs 11 million). Both the deals are ex...