State Bank of India acquires 6.82% stake in Zero Mass

State Bank of India has entered into an agreement on 16 March 2020 to acquire 6.825% stake in Zero Mass. As part of the deal, the Bank has sold its entire stake in A Little World to the Zero Mass. This is a no cash deal.

ZERO Mass Pvt. Ltd. was founded by Anurag Gupta, Founder and Director, 20 March, 2007 and it is the first ever Business Correspondent in the country (starting in 2006 with Seiling village in Mizoram) providing business correspondent and business facilitator services to banks through a last line local entrepreneur distribution of network to enable provision of services related to financial inclusion, remittances etc. pan lndia.

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