NPCI diversifies its ownership with share allotment to 19 new entities

Completes private placement of 4.63 per cent equity shares worth Rs 82 cr; number of shareholders rises to 67

National Payments Corporation of India (NPCI) on Thursday said it has completed private placement of 4.63 per cent of its equity shares worth Rs 81.64 crore, in an effort to diversify its shareholding to a larger set of the Reserve Bank of India (RBI)-regulated entities and categories of payment industry participants.

“NPCI made an offer for the private placement to 131 RBI regulated entities, out of which 19 evinced interest and were allotted shares in NPCI,” it said in a statement.

Following the private placement, NPCI now has 67 shareholders. “With this we have also broad based our shareholding to include new