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Bahwan CyberTek to rejig fintech business

Bahwan CyberTek

Chennai: Information technology (IT) company Bahwan CyberTek (BCT) is planning to restructure its financial technology (fintech) vertical, including carving it out as a separate company to seek private equity investment, said a official on Wednesday. She also said the company is mulling multiple options including selling the fintech business if the price is right.

“We are open for multiple options if the valuations are good. The equity infusion by private equity fund could be used for developing the business in new geographies. We are not desperate to sell the business that is doing well. There is no urgency for us,” Jaya Vaidhyanathan, President of the company, told. (IANS)

 

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