Mumbai, Dec. 17 -- The board of National Securities Depository (NSDL) has approved for dilution of its shareholding in NSDL Payments Bank (NPBL) by 4.95%. Accordingly, NPBL, a wholly owned subsidiary of the Company, has executed the Share Subscription Agreement and the Shareholders' Agreement with Protean eGov Technologies (Protean) for the issuance and allotment of 93,74,014equity shares of face value Rs.10/- each at an issue price of Rs. 32.22/- per share (including share premium of Rs. 22.22/- per share) aggregating to Rs. 30,20,30,731/- to Protean by way of private placement, subject to statutory and regulatory requirements.

Published by HT Digital Content Services with permission from Capital Market....