State Bank of India (SBI) has subscribed 5,10,000 equity shares of Raajmarg Infra investment Managers through Rights issue. This acquisition increases SBI's total shareholding to 14,90,000 shares, representing a 7.45% stake in the company. The investment is being made to incorporate the company which shall act as an Investment Manager and provide services to a proposed public InvIT to be sponsored by National Highway Authority of India (NHAI).
State Bank of India 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.
