You are using an older browser version. Please use a supported version for the best MSN experience.

Bank of India sells its 5% stake in Cibil to TransUnion International

LiveMint logoLiveMint 23-03-2017 Sahib Sharma

Mumbai: Bank of India on Thursday said that it has sold its entire 5% stake in TransUnion Cibil to TransUnion International Inc., in a notification issued on the stock exchange.

The bank has been trying to sell its non-core assets in a bid to improve its profit, after being hit by bad loans.

After this sale, the share of TransUnion International will increase to 87.1%. The rest is held by Union Bank of India, Aditya Birla Trustee Co. Pvt. Ltd, India Alternatives Private Equity Fund and India Infoline Finance Ltd.

More From LiveMint

image beaconimage beaconimage beacon