Loan distributor Andromeda has acquired apnapaisa.com, an online loan solutions provider, in a stock and cash deal.
“Andromeda, with presence in more than 30 cities across the country along with a 1,000-strong staff, is the largest loan distributor, distributing around ₹8,000 crore a year…(with a) customer base of over one lakh,” Andromeda said in a statement. The deal amount was not disclosed. Apnapaisa.com, promoted by Harsh Roongta, is an internet platform to help customers find best possible loans.
For more go to https://www.thehindubusinessline.com/money-and-banking/andromeda-buys-apnapaisa-in-stock-and-cash-deal/article7425640.ece