“The Bank has sold its entire stake of 5 per cent (12,50,000 shares) in TransUnion CIBIL Ltd to TransUnion International Inc (TUI). The deal was concluded on March 22 at the rate of Rs 1,525 per equity share for a total consideration amount of Rs 190.62 crore,” Bank of India said in a regulatory filing.
CIBIL, which began operations in August 2000, was formed as a joint venture between banks, TransUnion and Dun & Bradstreet. Lenders including State Bank of IndiaBSE 0.78 % and HDFC as well as Dun & Bradstreet have sold ownership stakes to TransUnion some time ago.
Source: Economic Times