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Protean e-Gov Technologies gets nod to acquire 4.95% equity stake in NSDL PB
Dec-17-2025

Protean e-Gov Technologies has received approval for the acquisition of 4.95% equity stake (93,74,014 equity shares) in NSDL Payments Bank (NSDL PB) by making an equity investment of Rs 30.2 crore in NSDL PB. The transaction is expected to be completed within 60 days from the execution of agreement.

Its investment in NSDL PB reflects this long-term vision. By bringing together NSDL PB’s digital-first banking platform and the company’s experience in building regulated digital systems, it is creating a partnership that goes beyond a financial investment. This collaboration enables it to develop future-ready banking technologies that can be proven at scale and extended across the wider financial ecosystem.

The board of directors of the company in its meeting held on December 16, 2025, inter-alia considered and approved the same.

Protean e-Gov Technologies is engaged in the business of developing citizen-centric and population-scale e-governance solutions. It has played a vital role in developing national infrastructure for capital market development in India.

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