HDFC Bank has subscribed to 50,000 equity shares of the face value of Rs. 10/- each fully paid up of IBBIC for a consideration of Rs. 10 per equity share constituting 5.55% of the issued and paid up capital of IBBIC.
IBBIC has been incorporated with the object to engage in the business of designing, building, implementing and commercializing distributed ledger technology (DLT) solutions including development of DLT platforms and applications for the financial services sector.
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