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.
