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.
After India got independence in 1947, the country needed strong leaders to help build a…
Akarsh Shroff, the founder of YuvaSpark, was conferred the National Youth Award on April 3,…
Veteran actor Ravikumar, widely known for his romantic roles in Malayalam and Tamil films during…
India got its freedom from British rule on 15th August 1947. After independence, the country…
Prime Minister Narendra Modi arrived in Thailand on April 3, 2025, for a two-day visit…
Electronic Data Processing (EDP) is the use of computers to process information automatically. It helps…
![](data:image/svg+xml;charset=utf-8,<svg height="300px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
