Investment16 Dec 2025, 07:12 pm
Protean eGov Technologies to Acquire 4.95% Stake in NSDL Payments Bank for Rs. 30.2 Crore
AI Summary
Protean eGov Technologies Ltd. held a Board Meeting on December 16, 2025, where they approved the acquisition of a 4.95% equity stake in NSDL Payments Bank. This will be done by making an equity investment of Rs. 30.2 crore in NSDL Payments Bank. The company also appointed Mr. V Easwaran as an Additional Director in the category of Executive Director. NSDL Payments Bank, a wholly owned subsidiary of National Securities Depository Ltd, operates on a B2B2C model and offers digital banking solutions, inclusive banking products, prepaid cards, merchant acquisition services, and the distribution of third party products. The transaction is expected to be completed within 60 days from the execution of the agreement.
Key Highlights
- Protean eGov Technologies to acquire 4.95% equity stake in NSDL Payments Bank
- Investment of Rs. 30.2 crore to be made in NSDL Payments Bank
- Appointment of Mr. V Easwaran as Additional Director in the category of Executive Director
- NSDL Payments Bank operates on a B2B2C model and offers various financial services
- Transaction expected to be completed within 60 days from the execution of the agreement