Bank Of India Exits CIBIL As Lenders Attempt To Unwind Non-Core Assets
Thursday, March 23, 2017, 1:03 PM
Bank of India on Thursday informed exchanges that it has exited its entire holding in credit bureau TransUnion CIBIL via a sale of shares to U.S. based TransUnion International. Bank of India sold 12.5 lakh shares for Rs 1,525 each, netting the bank Rs 190.6 crore in proceeds. With this, the lender has sold its entire 5% holding in the credit bureau.