Acquisitions16 Dec 2025, 07:22 pm
Protean eGov Technologies Acquires 4.95% Stake in NSDL Payments Bank for Rs. 30.2 Crore
AI Summary
Protean eGov Technologies Ltd. has approved the acquisition of a 4.95% equity stake in NSDL Payments Bank Limited through an equity investment of Rs. 30.2 crore. The acquisition aims to shape the future of banking and payments by creating a digital-first, scalable, and inclusive ecosystem. The transaction is expected to be completed within 60 days. Additionally, Mr. V Easwaran has been appointed as an Additional Director in the category of Executive Director.
Key Highlights
- Protean eGov Technologies to acquire 4.95% equity stake in NSDL Payments Bank for Rs. 30.2 crore
- The acquisition aims to shape the future of banking and payments by creating a digital-first, scalable, and inclusive ecosystem
- The transaction is expected to be completed within 60 days
- Mr. V Easwaran appointed as Additional Director in the category of Executive Director