Protean eGov Technologies Ltd News
Protean eGov down 10% as NSE Investments begins selling up to 20.3% stake
The company said that NSE Investments, a non-promoter, has proposed an offer to sell 41,17,303 shares which translates to a 10.16 per cent stake via OFS.
 "Protean eGov down 10% as NSE Investments begins selling up to 20.3% stake")
Standard Chartered Bank exits Protean eGov Tech, sells stake for Rs 225 cr
British multinational Standard Chartered Bank on Thursday exited Protean eGov Technologies by selling its entire 3.09 per cent stake for Rs 225 crore through an open market transaction. According to the bulk deal data available on the BSE, Standard Chartered Bank offloaded 12.50 lakh shares or 3.09 per cent stake in Protean eGov Technologies. The shares were disposed of at an average price of Rs 1,799.79 apiece, taking the deal value to Rs 224.97 crore. At the end of the June quarter, London-based Standard Chartered Bank owned a 3.09 per cent stake in Protean eGov Technologies, shareholding data showed with the bourse. Details of buyers of Protean eGov Tech's shares could not be ascertained. Shares of Protean eGov Technologies fell 1.19 per cent to close at Rs 1,845.45 per piece on the BSE. On Monday, Protean eGov Technologies reported a 10.83 per cent decline in its consolidated net sales to Rs 196.54 crore for the quarter ended June, compared to Rs 220.41 crore in the correspon
 "Standard Chartered Bank exits Protean eGov Tech, sells stake for Rs 225 cr")
Capital gains tax, valuation woes: No stopping the mid, smallcap bulls
From the July 23 Budget 2024-day low, the midcap and the smallcap indices on the BSE have seen a surge of over 6 per cent and 7 per cent respectively
 "Capital gains tax, valuation woes: No stopping the mid, smallcap bulls")
This smallcap stock has rallied 39% in 4 days; zoomed 113% from June low
Protean eGov Technologies hit a new high of Rs 1,984.70, as they rallied 12 per cent on the BSE in Thursday's intra-day trade in otherwise a weak market.
 "This smallcap stock has rallied 39% in 4 days; zoomed 113% from June low")
