National Funds Company of India (NPCI) on Thursday acknowledged it has completed non-public placement of 4.63 per cent of its equity shares fee Rs 81.64 crore, to be able to diversify its shareholding to an even bigger region of the Reserve Financial institution of India (RBI)-regulated entities and classes of fee exchange participants.
“NPCI made an offer for the non-public placement to 131 RBI regulated entities, out of which 19 evinced hobby and had been distributed shares in NPCI,” it acknowledged in a assertion.
Following the non-public placement, NPCI now has 67 shareholders. “With this now we hang also abundant based mostly totally mostly our shareholding to embody original classes treasure fee banks, limited finance banks, and fee gadget operators apart from to reward public sector, non-public sector, foreign, cooperative and regional rural banks” acknowledged Rupesh H Acharya, Chief of Finance, NPCI.
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ICICI Securities served because the consultant for the non-public placement. Khaitan & Co, Mumbai served because the shining consultant to NPCI in this transaction.
At fresh, the pinnacle ten shareholders, all of which are abundant banks, preserve 78.31 per cent of shares of NPCI. Amongst the pinnacle ten shareholders are banks akin to Dispute Financial institution of India, Union Financial institution of India, Financial institution of India, Financial institution of Baroda, Punjab National Financial institution, Canara Financial institution, and non-public sector banks akin to ICICI Financial institution, HDFC Financial institution, HSBC Dinky, and CITI Financial institution.
Many limited finance banks and payments financial institution are also shareholders of the umbrella entity for retail payments in India. Moreover, many payments exchange participants akin to PhonePe, Amazon Pay (India), and Pine Labs are also shareholders of NPCI.
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