Credit Saison of Japan and Temasek Holdings of Singapore are among leading investors engaged in talks with Fino Paytech to buy a significant minority stake, two people aware of the development said.

Fino has mandated Credit Suisse to manage the transaction and non-binding offers are expected to be placed in the next few weeks, the people cited above said on condition of anonymity. Fino Paytech operates payment bank and financial technology services businesses. Credit Saison is a financial services company while Temasek Holdings is Singapore’s sovereign wealth fund.

“The total deal size is close to Rs1,200 crore of which Rs300 crore will go towards infusion of primary capital in the firm while the remaining amount will be used towards providing exits to existing private equity investors which include Blackstone, Intel Capital and Headland Capital,” the first of the two people cited above said.

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