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SBI gains on getting nod to divest 1 crore equity shares in ECIS

16 Jan 2020 Evaluate

State Bank of India (SBI) is currently trading at Rs. 325.20, up by 1.00 points or 0.31% from its previous closing of Rs. 324.20 on the BSE.

The scrip opened at Rs. 325.50 and has touched a high and low of Rs. 326.80 and Rs. 324.20 respectively. So far 15779 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 373.70 on 18-Jul-2019 and a 52 week low of Rs. 244.35 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 337.75 and Rs. 322.40 respectively. The current market cap of the company is Rs. 289335.91 crore.

The promoters holding in the company stood at 57.68%, while Institutions and Non-Institutions held 35.54% and 6.78% respectively.

State Bank of India (SBI) has approved divestment of entire equity stake of 1 crore equity shares of Rs 10 each (7.41%) held by Bank in Equifax Credit Information Services (ECIS). The Share purchase Agreement (SPA) has been executed between the parties to the transaction on January 15, 2020. The shares will be sold at a price of Rs 67.43 per equity share to be increased as per the terms of the share purchase agreement. The indicative time period for completion of the transaction is Q4FY20.

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.

SBI Share Price

1068.00 -18.40 (-1.69%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1068.00
PNB 109.35
Canara Bank 134.65
Bank Of Baroda 263.50
Union Bank Of India 166.00
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