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


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.

BRICS bank will help transfer knowledge with funds, says KV Kamath

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.

For Latest Hindi News,Click Here