Sistema Public Joint Stock Financial Corporation (MISX:AFKS) is in advanced talks to buy a 25% stake in the financial products distributor arm of Inditrade Capital Limited (BSE:532745) (earlier known as JRG Securities), sources told BusinessLine. As part of the deal Sistema Asia Capital Pte, a Singapore entity, will value Inditrade Scalerator, a wholly owned subsidiary of Mumbai-based Inditrade Capital at around INR 2.00 billion and buy a stake worth nearly INR 250 million, sources said. Inditrade Scalerator says it aims to enable around 60,000 small loan transactions every day through its app iBoG.

It offers financial solutions ranging from business loans, personal loans, gold loans, insurance, credit cards, select product owners and complete process automation.