HDFC Bank has executed an agreement on November 11, 2022 to sell 73,941 Equity Shares held by the Bank in Lentra AI (Lentra) at a price of Rs 7,326 per Equity Share for a total sale consideration of Rs 54.16 crore. Lentra is in the business of designing, developing, licensing and implementation of software products for the financial services sector. The said transaction is expected to be completed by the end of December 2022.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
