HDFC Bank to acquire 9.11% stake in CSC E- Governance Services India

HDFC Bank has executed an agreement for subscribing to 37,993 equity shares of face value of Rs. 1,000 each to be issued by CSC E- Governance Services India (CSC) at Rs. 3,848/- per equity share (Transaction). The transaction is for 9.11% equity stake in CSC as a strategic investment by the Bank for cash consideration of Rs 14.62 crore. The transaction in expect to be completed by April 2019.

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