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SBI to sell up to 5% stake in NSE

18 May 2016 Evaluate

State Bank of India (SBI) is planning to sell part of its holding in National Stock Exchange (NSE) through a competitive bidding process, where it owns 15% stake. The bank intends to disinvest up to 5% of its equity holding. The last date for submission of bid is May 19. The bank expects about Rs 1,000 crore from the stake sale.

State Bank of India offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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