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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