State Bank of India (SBI) is looking to sell 50 lakh shares representing 1.01 per cent stake in the National Stock Exchange (NSE) through a competitive bidding process, as part of its capital raising exercise. Currently, the bank holds 5.19 per cent stake in the exchange. The bid should be submitted for a minimum lot of 10,00,000 shares in the prescribed format and the last date for submission is January 15, 2020.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
