NSDL Board Approves 4.95% Stake Sale in NSDL Payments Bank
NSDL Board Approves 4.95% Stake Sale in NSDL Payments Bank to Protean eGov
Mumbai, Dec 17: The board of National Securities Depository Limited (NSDL) has approved the dilution of its stake in NSDL Payments Bank (NPBL) by 4.95%. Under the approved plan, NPBL, a wholly-owned subsidiary of NSDL, has executed a Share Subscription Agreement and Shareholders’ Agreement with Protean eGov Technologies for the issuance and allotment of 93,74,014 equity shares.
The shares, with a face value of Rs. 10 each, have been issued at Rs. 32.22 per share, including a share premium of Rs. 22.22 per share. The private placement will raise a total of Rs. 30.20 crore for NPBL, subject to statutory and regulatory approvals.
The move marks a strategic partnership between NSDL Payments Bank and Protean eGov, aiming to strengthen operational capabilities and expand digital banking services across India.
