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Protean eGov Technologies Limited ( (IN:PROTEAN) ) has provided an announcement.
Protean eGov Technologies Limited has announced the acquisition of a 4.95% stake in NSDL Payments Bank Limited, aiming to expand its market reach and establish an anchor banking partnership. This strategic investment aligns with Protean’s long-term vision of enhancing digital financial infrastructure in India, leveraging NSDL Payments Bank’s digital-first platform to co-create and scale certified digital banking technologies. The collaboration is expected to enhance Protean’s distribution network and extend its digital services to underserved segments, contributing to the evolution of India’s digital financial architecture.
More about Protean eGov Technologies Limited
Protean eGov Technologies Limited is a leader in developing Digital Public Infrastructure, focusing on creating large-scale e-governance platforms for taxation, social security, and digital identity. The company is committed to building trusted systems that operate at a population scale, with a market focus on digital identity, payments, and data.
Average Trading Volume: 20,646
Technical Sentiment Signal: Sell
Current Market Cap: 31.38B INR
Learn more about PROTEAN stock on TipRanks’ Stock Analysis page.