State Bank of India (SBI) plans to sell part of its holding in National Stock Exchange (NSE), where it owns 15 per cent stake.
SBI intends to disinvest up to 5 per cent of its equity holding in NSE through a competitive bidding process, according to a public notice.
SBI Capital Markets Limited has been appointed as a consultant to the client for advising and managing the proposed disinvestment process. The last date for submission of bid is May 19. The bank expects about Rs.1,000 crore from the stake sale, according to sources.
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SBI to sell off part of its NSE holdings
By IndianMandarins - 2016-05-18 11:15:47
State Bank of India (SBI) plans to sell part of its holding in National Stock Exchange (NSE), where it owns 15 per cent stake.
SBI intends to disinvest up to 5 per cent of its equity holding in NSE through a competitive bidding process, according to a public notice.
SBI Capital Markets Limited has been appointed as a consultant to the client for advising and managing the proposed disinvestment process. The last date for submission of bid is May 19. The bank expects about Rs.1,000 crore from the stake sale, according to sources.
