Bank of India has sold its entire stake of 5% (12.50 lakh shares) in TransUnion CIBIL (TUCIBIL) to TransUnion International Inc (TUI). The deal was concluded on March 22, 2017 at the rate of Rs 1525.00 per equity share for a total consideration amount of Rs 190.62 crore.
The Bank has reported a net profit of Rs 101.72 crore for the quarter ended December 31, 2016, as compared to net loss of Rs 1505.58 crore for the same quarter in the previous year. Total income of the bank increased by 4.57% at Rs 11594 crore for quarter under review as compared to Rs 11086.95 crore for the quarter ended December 31, 2015.
