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.
Father's Day is a cherished occasion celebrated annually to honor the special bond between fathers…
The winners of the 2024 Kavli Prize were announced on June 12. Eight winners were…
Raisins, the dried form of grapes, are a nutritious and versatile snack enjoyed globally. These…
Carrots, a staple root vegetable, are widely cultivated across India. They are known for their…
Egypt and Bahrain have joined China as international partners to develop and deliver scientific instruments…
Thousands of Kashmiri Pandits converged at the Kheer Bhawani temple in Kashmir Valley’s Ganderbal district to…