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Bank of India to sell entire equity stake in ECIS

16 Jan 2020 Evaluate

Bank of India has executed Share Purchase Agreement (SPA), for sale of its entire equity stake of 3.50% in Equifax Credit Information Services (ECIS). The sale consideration will be at a price of Rs 67.43 per share to be increased as per the terms of the share purchase agreement. The transaction is expected to be closed in Q4 FY2020.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Peers
Company Name CMP
State Bank Of India 993.50
PNB 118.25
Bank Of Baroda 237.00
Canara Bank 125.80
Union Bank Of India 179.60
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