HDFC Bank acquires 5.55% stake in IBBIC
Tue, Jul 27, 2021 11:01 AM

HDFC Bank acquires 5.55% stake in IBBIC

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HDFC Bank bought 50,000 Equity Shares of the face value of Rs10/- each fully paid up of IBBIC Pvt Ltd for Rs10 per equity share amounting to Rs5 lakhs, constituting 5.55% of the issued and paid-up capital of IBBIC. IBBIC was founded on May 25, 2021, to engage in the business of designing, building, implementing, and commercializing distributed ledger technology solutions.

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