{"id":3343,"date":"2024-08-08T09:49:58","date_gmt":"2024-08-08T04:19:58","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3343"},"modified":"2024-08-08T09:49:58","modified_gmt":"2024-08-08T04:19:58","slug":"standard-chartered-likely-exits-protean-egov-tech-with-%e2%82%b9236-crore-block-deal","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/standard-chartered-likely-exits-protean-egov-tech-with-%e2%82%b9236-crore-block-deal\/","title":{"rendered":"Standard Chartered Likely Exits Protean eGov Tech with \u20b9236 Crore Block Deal"},"content":{"rendered":"\n<p>On August 8, shares worth \u20b9236 crore of Protean eGov Tech were sold in a block deal, with Standard Chartered Bank likely being the seller. Approximately 12 lakh shares, representing a 3.2 percent stake in the IT solutions provider, changed hands at a floor price of \u20b91,805 per share, which is a 3 percent discount from the previous close.<\/p>\n\n\n\n<p>Following this transaction, Protean eGov&#8217;s shares dropped over 4 percent to \u20b91,791.20 on the NSE. While the exact parties involved in the deal were not immediately confirmed, CNBC-TV18 reported that Standard Chartered Bank aimed to sell its entire 3.09 percent stake in the company, raising \u20b9221.90 crore.<\/p>\n\n\n\n<p>For the April-June quarter, Protean eGov Tech reported a decline in both total sales and net profit. Net sales fell by 11 percent to \u20b9196.54 crore from \u20b9220.41 crore a year ago, and the net profit decreased by 34.5 percent to \u20b921.09 crore from \u20b932.21 crore in the same period last year.<\/p>\n\n\n\n<p><em>Do&nbsp;you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<\/em>media@lakshmishree.com<\/p>\n\n\n\n<p><sup><sub>Source:\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/protean-egov-tech-sees-rs-236-crore-block-deal-as-standard-chartered-likely-exits-12790405.html\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/protean-egov-tech-sees-rs-236-crore-block-deal-as-standard-chartered-likely-exits-12790405.html\" target=\"_blank\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sub><\/sup><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 8, shares worth \u20b9236 crore of Protean eGov Tech were sold in a block deal, with Standard Chartered Bank likely being the seller. Approximately 12 lakh shares, representing a 3.2 percent stake in the IT solutions provider, changed hands at a floor price of \u20b91,805 per share, which is a 3 percent discount [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[206],"class_list":["post-3343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-standard-chartered-blockdeal"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3343"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3343\/revisions"}],"predecessor-version":[{"id":3345,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3343\/revisions\/3345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3344"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}