Several Indian lenders, including State Bank of India (SBI), have exited their holdings in credit information bureau Equifax Credit Information Services.
SBI offloaded its entire equity stake of 7.41% in Equifax.
The bank sold 10 million equity shares of INR10 ($0.14) each, with each equity share priced at INR67.43.
Indian private sector lender Kotak Mahindra Bank too divested its complete 5.56% interest in Equifax.
The lender offloaded 75,00,000 equity shares, with each unit priced at INR67.43.
Bank of India and Union Bank of India offloaded stakes of 3.5% and 4.17%, respectively.
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By GlobalDataBank of Baroda also carried out a share purchase agreement for sale of its entire 10% stake in Equifax. So did non-banking finance company Sundaram Finance to divest its entire 10% stake in Equifax.
The move awaits regulatory nod and is anticipated to close in the final quarter of 2020.
