SBI Life to divest up to 5% from State Bank Of India

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State Bank of India has educated BSE that the Executive Committee of the Central Board (ECCB) at its meeting hung on October 14, 2016 has affirmed to weaken up to 5% stake of SBI in SBI Life to a non-promoter substance.

SBI Life is a joint wander between State Bank of India and BNP Paribas Cardiff. SBI possesses 74% in the life safety net provider.

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State Bank of India finished at Rs 251.9, up by Rs 2.2 or 0.88% from its past shutting of Rs 249.7 on the BSE.

The scrip opened at Rs 251.25 and touched a high and low of Rs 253.3 and Rs 249.7 individually. An aggregate of 15608518(NSE+BSE) shares were exchanged on the counter. The present market top of the organization is Rs 195544.35 crore.

The BSE aggregate "A" load of face esteem Rs 1 touched a 52 week high of Rs 271.55 on 08-Sep-2016 and a 52 week low of Rs 148.3 on 12-Feb-2016. Most recent one week high and low of the scrip remained at Rs 260.2 and Rs 246.1 individually.

The promoters holding in the organization remained at 60.18 % while Institutions and Non-Institutions held 28.64 % and 9.48 % separately.

The stock exchanged over its 50 DMA.

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