Amazon Pay, Paytm, PhonePe Onboarded As New Shareholders In NPCI
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India, Nov. 27 -- In a move to diversify and distribute its shareholding to a larger set of the RBI regulated entities, the National Payments Corporation of India (NPCI) has completed the process of a private placement of 4.63% of its equity shares worth INR 81.64 Cr.
With the expansion, NPCI has got on-board some of the leading banks as well as new categories of few banks including non-bank entities authorised by the RBI. After this shareholding expansion, the total shareholder entities for NPCI has reached 67.
Among those onboarded includes, Amazon Pay, PhonePe and Paytm Payments Bank and PhonePe.
Besides new-age entities, NPCI has also added Standard Chartered Bank Ltd., Dhanlaxmi Bank Ltd. and IDFC First Bank Ltd. as its shareholde...
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