Bandhan Bank promoter enters IT sector with this ‘all-cash deal’

Bandhan Financial Services Ltd (BFSL), promoter of Bandhan Bank, acquired UK-based IT firm Genisys for nearly Rs 100 crore. This move marks BFSL’s foray into the technology sector and aims to leverage Genisys’s AI expertise to enhance its offerings. The acquisition consolidates Genisys under a single entity headquartered in Bengaluru, with its London and New York units becoming subsidiaries.