Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, State Bank of India has informed that the Executive Committee of the Central Board of Directors of bank approved the divestment of Bank’s entire stake, 7,90,80,000 equity shares at a price of ?13.22 per equity share in Jio Payments Bank to Jio Financial Services realizing ?104,54,37,600/-, subject to all regulatory approvals. The details required in terms of SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/ 0155 dated November 11, 2024, is as annexed.
The above information is a part of company’s filings submitted to BSE.
