AU Small Finance Bank Limited makes equity investment in NPCI

AU Small Finance Bank Limited has made strategic investment of Rs. 7.70 Crores in National Payments Corporation of India (NPCI), wherein 61,320 Equity Shares at Book value of Rs. 1,256 per Equity Share are allocated to the Bank constituting ~0.44% shareholding of NPCI.

NPCI is an umbrella organization for operating retail payments and settlement systems in India and has been incorporated as a "Not for Profit" Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013) as an initiative of Reserve Bank of India (RBI) and Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India.

Shares of AU Small Finance Bank Ltd was last trading in BSE at Rs.864.55 as compared to the previous close of Rs. 855.15. The total number of shares traded during the day was 12454 in over 939 trades.

The stock hit an intraday high of Rs. 870.05 and intraday low of 846.5. The net turnover during the day was Rs. 10712269.

Source : Equity Bulls

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