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HDFC Bank to sell entire stake in Softcell Technologies Global

14 Feb 2023 Evaluate

HDFC Bank has executed an agreement on February 13, 2023 to sell 1,65,731 Equity Shares, being the 9.95% equity stake held by the Bank in Softcell Technologies Global (STGPL) at a price of Rs 600.36 per Equity Share for a total sale consideration of Rs 9.94 crore. The entire equity shareholding of the Bank in STGPL i.e. 9.95% is proposed to be divested.

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.

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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