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Kuwy Tech Stake Sale
Volkswagen Finance picks up 25% stake in Kuwy Technology Service
Mumbai: Mumbai-based Volkswagen Finance Pvt Ltd (VWFPL) has acquired 25% stake in Chennai-based automotive fintech digital platform, Kuwy Technology Service Pvt Ltd. The strategic alliance, which came into effect on 3 September, will help VW Finance access Kuwy’s pan-India footprint, thereby consolidating its car financing network in the domestic market. While the development can be …