Protean eGov Technologies said it will acquire 4.95 per cent stake in NSDL Payments Bank
The stake buy will be worth Rs. 30 crore, expected to be completed within two months
Protean Picks Up 4.95 pc Stake In NSDL Payments Bank For Rs 30 Cr
Protean eGov Technologies said it will acquire 4.95 per cent stake in NSDL Payments Bank for Rs. 30 crore. The transaction is expected to be completed within two months
Summary
Advertisement
Protean eGov Technologies on Tuesday announced that it will acquire a 4.95 per cent stake in NSDL Payments Bank for Rs 30 crore.
"This collaboration enables us to develop future-ready banking technologies that can be proven at scale and extended across the wider financial ecosystem," an exchange filing from Protean said.
The investment is part of Protean's long-term vision of building trusted, population-scale digital infrastructure, as per an official statement.
The transaction is expected to be completed within 60 days from the execution of the agreement, it said.
Show comments
Published At:
Tags