Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 117)
117.
Which entity divested its entire stake in Protean eGov Technologies?
Nippon India Mutual Fund
Tata Power
State Bank of India
HDFC Bank
Answer: Option
Explanation:
HDFC Bank divested its entire 3.20% stake in Protean eGov Technologies, comprising 12,94,326 shares, for Rs 150 crore through an open market transaction. This sale was made at an average price of Rs 1,160.15 per share. The move indicates HDFC Bank's decision to exit its investment in Protean eGov Technologies.
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