{"id":19148,"date":"2024-05-24T17:29:30","date_gmt":"2024-05-24T11:59:30","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=19148"},"modified":"2024-05-24T17:29:32","modified_gmt":"2024-05-24T11:59:32","slug":"hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/","title":{"rendered":"HDFC Bank Sells Stake in Protean eGov Technologies: Key Insights and Market Impact"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#HDFC_Bank_Exits_Protean_eGov_Tech_Sells_Entire_Stake\" >HDFC Bank Exits Protean eGov Tech: Sells Entire Stake<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#Why_This_News_is_Important\" >Why This News is Important<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#Historical_Context\" >Historical Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#Key_Takeaways_from_HDFC_Banks_Exit_from_Protean_eGov_Tech\" >Key Takeaways from HDFC Bank&#8217;s Exit from Protean eGov Tech<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#1_Why_did_HDFC_Bank_sell_its_stake_in_Protean_eGov_Technologies\" >1. Why did HDFC Bank sell its stake in Protean eGov Technologies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#2_What_is_Protean_eGov_Technologies\" >2. What is Protean eGov Technologies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#3_Who_acquired_the_stake_sold_by_HDFC_Bank\" >3. Who acquired the stake sold by HDFC Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#4_What_was_the_sale_price_per_share_for_HDFC_Banks_stake\" >4. What was the sale price per share for HDFC Bank&#8217;s stake?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#5_How_did_the_market_react_to_the_sale\" >5. How did the market react to the sale?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hdfc-bank-hdfc-bank-sells-its-3-20-stake-in-protean-egov-technologies-for-rs-150-crore-acquired-by-nippon-india-mutual-fund-for-rs-148-crore\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"HDFC_Bank_Exits_Protean_eGov_Tech_Sells_Entire_Stake\"><\/span>HDFC Bank Exits Protean eGov Tech: Sells Entire Stake<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HDFC Bank&#8217;s Stake Sale Details<\/strong> HDFC Bank has recently divested its entire 3.20% stake in Protean eGov Technologies. The sale included 12,94,326 shares, which were sold at an average price of Rs 1,160.15 per share. This transaction amounted to a total of Rs 150 crore. The shares were offloaded through an open market transaction, signifying a strategic decision by HDFC Bank to reallocate its investments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Acquisition by Nippon India Mutual Fund<\/strong> Simultaneously, Nippon India Mutual Fund acquired a 3.16% stake in Protean eGov Technologies. They purchased 12.78 lakh shares for Rs 148 crore, also at an average price of Rs 1,160 per share. This acquisition indicates Nippon India Mutual Fund&#8217;s confidence in the growth potential of Protean eGov Technologies, a company involved in e-governance solutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Market Reaction<\/strong> Following these transactions, shares of Protean eGov Technologies saw a marginal increase of 0.84%, closing at Rs 1,205.60 on the Bombay Stock Exchange (BSE). This reflects a positive market response, likely driven by the entry of a significant mutual fund and the strategic exit of a major banking institution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Strategic Implications<\/strong> For HDFC Bank, this divestment is part of a broader strategy to streamline its investment portfolio and focus on core banking operations. The reallocation of funds from this stake sale could potentially be used for expanding its banking services or exploring new growth avenues. On the other hand, Nippon India Mutual Fund\u2019s investment highlights its strategy to capitalize on the e-governance sector&#8217;s burgeoning opportunities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Future Prospects<\/strong> Protean eGov Technologies is poised to benefit from the increased investment by Nippon India Mutual Fund, which may lead to enhanced technological advancements and service improvements. This could further solidify its position in the e-governance market, providing robust solutions for various government initiatives.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"HDFC-Bank-stake-sale\"><img decoding=\"async\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2024\/05\/HDFC-Bank-stake-sale.jpg\" alt=\"HDFC Bank stake sale\n\" class=\"wp-image-19149\" width=\"548\" height=\"365\" title=\"HDFC Bank stake sale\"\/><figcaption class=\"wp-element-caption\"><ol style=\"border: 0px solid rgb(227, 227, 227); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(69,89,164,.5); --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-shadow: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-shadow-colored: 0 0 transparent; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; list-style: decimal; margin: 1.25em 0px; padding: 0px 0px 0px 1.625em; color: rgb(13, 13, 13); font-family: ui-sans-serif, -apple-system, system-ui, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, Helvetica, &quot;Apple Color Emoji&quot;, Arial, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;; font-size: 16px;\"><li style=\"border: 0px solid rgb(227, 227, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(69,89,164,.5); --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-shadow: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-shadow-colored: 0 0 transparent; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; margin-bottom: 0.5em; margin-top: 0.5em; padding-left: 0.375em;\">HDFC Bank stake sale<\/li><\/ol><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_is_Important\"><\/span>Why This News is Important<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Impact on Banking Sector<\/strong> The sale of HDFC Bank\u2019s stake in Protean eGov Technologies is a significant move in the banking sector. It reflects the bank\u2019s strategic decisions to optimize its investment portfolio and focus more on its core activities. For banking exam aspirants, understanding such strategic divestments is crucial as it highlights the dynamic nature of financial management within banks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Investment Patterns and Market Trends<\/strong> This news provides insights into investment patterns and market trends. The involvement of Nippon India Mutual Fund indicates a growing interest in the e-governance sector, a key area for economic development. Candidates preparing for exams like banking and finance can benefit from understanding these market dynamics.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>E-Governance Sector Growth<\/strong> The e-governance sector in India is rapidly expanding, supported by government initiatives to digitize services. The acquisition by Nippon India Mutual Fund underscores the potential growth in this sector, making it a relevant topic for students preparing for government exams in sectors like civil services and railways.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Economic Implications<\/strong> The transaction reflects broader economic implications, showcasing how financial institutions manage their portfolios and invest in emerging sectors. This is particularly relevant for aspirants of economic and finance-related exams, as it provides a practical example of investment strategies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Strategic Business Decisions<\/strong> For aspirants of competitive exams, understanding strategic business decisions, like HDFC Bank\u2019s exit and Nippon India Mutual Fund\u2019s entry, is crucial. It highlights how companies make decisions based on market opportunities and growth potential, a key area of study for management and commerce students.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span>Historical Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Background of Protean eGov Technologies<\/strong> Protean eGov Technologies, formerly known as NSDL e-Governance Infrastructure Limited, has been a pioneer in providing e-governance solutions in India. It has been instrumental in implementing key projects such as the Tax Information Network (TIN), Central Record Keeping Agency (CRA) for National Pension System (NPS), and the Aadhaar enrolment process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HDFC Bank&#8217;s Investment Strategy<\/strong> HDFC Bank, one of India&#8217;s leading private sector banks, has historically made strategic investments in technology and fintech sectors to leverage advancements and improve its service offerings. The exit from Protean eGov Technologies marks a significant shift, indicating a possible reallocation of resources towards core banking and new growth areas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Nippon India Mutual Fund&#8217;s Market Position<\/strong> Nippon India Mutual Fund, previously known as Reliance Mutual Fund, is one of India\u2019s largest asset management companies. It has a diverse portfolio, and its investment in Protean eGov Technologies aligns with its strategy to tap into emerging technology-driven sectors that promise substantial growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Evolution of E-Governance in India<\/strong> E-governance in India has evolved significantly over the past two decades, driven by initiatives like Digital India. Protean eGov Technologies has played a crucial role in this transformation, providing the infrastructure and technological support for various government projects aimed at improving transparency, efficiency, and service delivery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Financial Market Dynamics<\/strong> The transaction between HDFC Bank and Nippon India Mutual Fund also reflects the dynamic nature of financial markets, where investments and divestments are strategically planned based on market conditions, future growth potential, and overall economic outlook.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_HDFC_Banks_Exit_from_Protean_eGov_Tech\"><\/span>Key Takeaways from HDFC Bank&#8217;s Exit from Protean eGov Tech<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>S.No.<\/strong><\/th><th><strong>Key Takeaway<\/strong><\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>HDFC Bank sold its entire 3.20% stake in Protean eGov Technologies for Rs 150 crore.<\/td><\/tr><tr><td>2<\/td><td>Nippon India Mutual Fund acquired a 3.16% stake in Protean eGov Technologies for Rs 148 crore.<\/td><\/tr><tr><td>3<\/td><td>The transactions were executed at an average price of Rs 1,160 per share.<\/td><\/tr><tr><td>4<\/td><td>Protean eGov Technologies\u2019 shares saw a 0.84% gain post-transaction, closing at Rs 1,205.60 on BSE.<\/td><\/tr><tr><td>5<\/td><td>This move reflects strategic investment reallocations by HDFC Bank and a growth opportunity for Nippon India Mutual Fund in the e-governance sector.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">HDFC Bank stake sale<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Why_did_HDFC_Bank_sell_its_stake_in_Protean_eGov_Technologies\"><\/span><strong>1. Why did HDFC Bank sell its stake in Protean eGov Technologies?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">HDFC Bank sold its stake in Protean eGov Technologies as part of its strategy to streamline its investment portfolio and focus more on its core banking operations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_is_Protean_eGov_Technologies\"><\/span><strong>2. What is Protean eGov Technologies?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Protean eGov Technologies, formerly NSDL e-Governance Infrastructure Limited, is a company providing e-governance solutions, including projects like the Tax Information Network and the National Pension System.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Who_acquired_the_stake_sold_by_HDFC_Bank\"><\/span><strong>3. Who acquired the stake sold by HDFC Bank?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Nippon India Mutual Fund acquired the 3.16% stake in Protean eGov Technologies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_was_the_sale_price_per_share_for_HDFC_Banks_stake\"><\/span><strong>4. What was the sale price per share for HDFC Bank&#8217;s stake?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">HDFC Bank sold its shares at an average price of Rs 1,160.15 per share.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_How_did_the_market_react_to_the_sale\"><\/span><strong>5. How did the market react to the sale?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Shares of Protean eGov Technologies saw a marginal increase of 0.84%, closing at Rs 1,205.60 on the BSE after the transaction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer 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https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>HDFC Bank Exits Protean eGov Tech: Sells Entire Stake HDFC Bank&#8217;s Stake Sale Details HDFC Bank has recently divested its entire 3.20% stake in Protean eGov Technologies. The sale included 12,94,326 shares, which were sold at an average price of Rs 1,160.15 per share. This transaction amounted to a total of Rs 150 crore. The&#8230;<\/p>\n","protected":false},"author":6,"featured_media":19150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,14],"tags":[1020,1439,11768,11767,3259],"class_list":["post-19148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-banking","tag-e-governance","tag-hdfc-bank","tag-nippon-india-mutual-fund","tag-protean-egov-technologies","tag-stake-sale"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/19148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=19148"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/19148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/19150"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=19148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=19148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=19148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}