BoI sells entire 5% stake in TransUnion CIBIL for Rs 190.62 crore

NEW DELHI: Public sector lender Bank of India (BoI) has sold its entire 5 per cent stake in credit information firm TransUnion CIBIL Ltd to TransUnion International Inc for Rs 190.62 crore.

"The Bank has sold its entire stake of 5 per cent (12,50,000 shares) in TransUnion CIBIL Ltd to TransUnion International Inc (TUI). The deal was concluded on March 22 at the rate of Rs 1,525 per equity share for a total consideration amount of Rs 190.62 crore," Bank of India said in a regulaotry filing.

CIBIL, which began operations in August 2000, was formed as a joint venture between banks and TransUnion. Lenders including State Bank of India and HDFC have sold stakes to TransUnion in the past.