Airtel AMSL stake

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Payments bank: Airtel sells 19.90% stake in AMSL to Kotak

Bharti Airtel said that Kotak Mahindra Bank has agreed to buy 19.90% stake in Airtel M Commerce Services Ltd (AMSL) for Rs 98.38 crore. The move is aimed at speeding up the process for setting up a payments bank. AMSL, which is a wholly-owned subsidiary of Bharti Airtel, was among the 11 companies that received a payments bank license from the Reserve Bank of India in August last year. Subsequently,… Read More

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