Union Bank of India has executed a Share Purchase Agreement, for sale of its entire equity stake of 4.17% in Equifax Credit Information Services (ECIS). The bank will disinvest equity stake for Rs 67.43 per equity share. The indicative time period for completion of the transaction is Q4FY20.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.
