DCB Bank confirms acquisition of 9.09% stake in NBFC Techfino Capital

DCB Bank has invested about Rs60 lakh to acquire 9.09% of the post-issue share capital of Techfino Capital.

Apr 23, 2021 01:04 IST India Infoline News Service

DCB Bank
DCB Bank has clarified on Friday that it has invested about Rs60 lakh to acquire 9.09% of the post-issue share capital of Techfino Capital Pvt. Ltd. (Techfino), an unlisted company.

Stock exchanges had sought clarification from the bank after a LiveMint news article stated that "DCB Bank acquires 9% stake in NBFC Techfino Capital"

Further, DCB Bank said that as of March 31, 2021, the date of the latest audited results available of Techfino, its Total Assets stand at Rs.5.74cr. This is in comparison to DCB Bank’s Total Assets as of December 31, 2020, the date of the latest published results, amount to Rs37,859cr.

At around 1.24 pm, DCB Bank is trading at Rs91.60 per piece down by 0.65% on Sensex. 

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