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DCB Bank Acquires Minority Stake In NBFC Techfino Capital, Stock Edges Marginally Lower


DCB Bank Acquires Stake In NBFC Techfino Capital, Stock Edges Marginally Lower

DCB Bank was last trading 0.22 per cent lower at Rs 92.35 on the BSE

Shares of DCB Bank edges marginally lower on Thursday, April 22, a day after the private bank announced that it acquired a minority equity stake of around nine per cent in a fintech NBFC Techfino Capital Limited. On Thursday, DCB bank opened at Rs 92.55, touching an intra day high of Rs 92.55 and an intra day low of Rs 90.55, in the trading session so far. According to a statement shared by the new generation private sector bank, Techfino Capital uses a technology platform to offer customised consumer loans in the healthcare and education sectors. (Alson Read: DCB Bank Acquires 9% Stake In Non-Banking Financial Company ‘Techfino Capital’

 On the NSE, DCB Bank opened at Rs 92.70, touching an intra day high of Rs 93 and an intra day low of Rs 90.50. It was last trading 0.59 per cent lower at Rs 92.15 on NSE. Meanwhile, DCB Bank was last trading 0.22 per cent lower at Rs 92.35 on the BSE.



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