HDFC Bank Exits Protean eGov Tech, Sells Entire Stake
HDFC Bank divested its entire 3.20% stake in Protean eGov Technologies, amounting to 12,94,326 shares, for Rs 150 crore. The shares were sold at an average price of Rs 1,160.15 apiece through an open market transaction. Simultaneously, Nippon India Mutual Fund acquired a 3.16% stake in Protean eGov Technologies for Rs 148 crore.
HDFC Bank sold its 3.20% stake in Protean eGov Technologies, comprising 12,94,326 shares, at an average price of Rs 1,160.15 per share. The transaction’s total value stood at Rs 150.16 crore.
Nippon India Mutual Fund purchased a 3.16% stake in Protean eGov Technologies, acquiring 12.78 lakh shares for Rs 148 crore. The average price per share was Rs 1,160, resulting in a deal size of Rs 148.28 crore.
Protean eGov Technologies’ shares witnessed a 0.84% gain, closing at Rs 1,205.60 apiece on the BSE on the day of the transaction.
The 18th Pravasi Bharatiya Divas (PBD) Convention will be held from January 8 to January…
Countries around the world have unique nicknames that reflect their history, culture, or natural beauty.…
Scarecrow Incorporated, located in Tokyo’s Shibuya Ward, has successfully acquired the world’s first patent for…
Jawaharlal Nehru, India's first Prime Minister, is known for his deep love for children and…
On November 13, the Supreme Court of India issued guidelines to prevent the demolition of…
India is known for its diverse culture, rich history, and unique places, each with a…