Protean eGov Technologies Acquires 4.95% Stake in NSDL Payments Bank for Rs.30.2 Crores
In December 2025, Protean electronic (e)Gov Technologies Limited (Protean), formerly NSDL e-Governance Infrastructure Limited, has been approved by its board to acquire 4.95% stake (approximately 93.74 lakh shares) in National Securities Depository Limited (NSDL) Payments Bank(NSDL PB) for Rs.30.2 crores, valued at Rs. 32.2 per share.
In December 2025, Protean electronic (e)Gov Technologies Limited (Protean), formerly NSDL e-Governance Infrastructure Limited, has been approved by its board to acquire 4.95% stake (approximately 93.74 lakh shares) in National Securities Depository Limited (NSDL) Payments Bank(NSDL PB) for Rs.30.2 crores, valued at Rs. 32.2 per share.
- The transaction is expected to be completed within around 60 days through cash consideration via equity subscription.
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- What? Protean eGov Technologies to Acquire stake in NSDL Payments Bank
- Stake: 4.95%
- Value: Rs.30.2 crores (Rs.32.2 per share)
- Timeline: Single cash-based equity subscription, expected completion within 60 days
Key Details of Acquisition:
Purpose: NSDL aims to enhance digital financial infrastructure by leveraging NSDL Payments Bank, a digital-first banking platform, to expand its technology offerings.
Timeline: The acquisition will be executed through a single cash-based equity subscription and is expected to be completed within 60 days of signing the agreement.
About NSDL PB: It is a licensed payments bank focused on financial inclusion and digital payments. It operates under the regulatory framework of the Reserve Bank of India (RBI) and provides services such as digital savings accounts, transfers, and accounts.
- It began operations in 2018 and is a subsidiary of NSDL.
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