HDFC Bank to sell its stake in Softcell Technologies by February end
HDFC Bank said via an exchange filing on Monday that it has executed an agreement to sell its entire stake of 9.95% or 1,65,731 shares in Softcell Technologies Global Pvt Ltd for ₹99.5 mln by the end of this month, at ₹600.36 per share. In March 2020, the private lender sold 2.05% stake, or 34,150 shares of Softcell Technologies Global, for ₹14.7 mln.
Softcell Technologies Global Pvt Ltd also offers software and related services in addition to selling products connected to information technology.
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.
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