BOI sells entire 5% stake in TransUnion CIBIL for Rs 190.62 cr

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.

Shares of Bank of India were trading 0.36 percent higher at Rs 126.25 on BSE.