Amazon Pay, Paytm, PhonePe onboarded as new shareholders in NPCI
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In a move to diversify and distribute its shareholding to a larger set of the RBI regulated entities, the National Payments Corporation of India (NPCI) has completed the process of a private placement of 4.63% of its equity shares worth INR 81.64 Cr. With the expansion, NPCI has got on-board some of the leading banks as well as new categories of few banks including non-bank entities authorised by the RBI.