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Standard Chartered Bank likely to offload 3.09% stake in Protean
short by / on Thursday, 8 August, 2024
Protean eGov Technologies Ltd shares dropped 4% as Standard Chartered Bank plans to offload its 3.09% stake via a bulk deal. Holding 12,50,000 shares as of June 2024, the bank's sale on August 8 is expected to fetch between ₹1,750 and ₹1,775 per share, totalling up to ₹221.9 crore. Protean eGov offers citizen services, e-governance solutions, system integration, and more.
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