The
bank said that the ECCB has endorsed to weaken up to 5% stake of SBI in SBI
Life to a non-promoter substance.
State
Bank of India has educated BSE that the Executive Committee of the Central
Board (ECCB) at its meeting hung on October 14, 2016 has endorsed to weaken up
to 5% stake of SBI in SBI Life to a non-promoter element.
SBI
Life is a joint wander between State Bank of India and BNP Paribas Cardiff. SBI
possesses 74% in the life safety net provider.
Stock
Commentary:
State
Bank of India finished at Rs 251.9, up by Rs 2.2 or 0.88% from its past
shutting of Rs 249.7 on the BSE.
The
scrip opened at Rs 251.25 and touched a high and low of Rs 253.3 and Rs 249.7
separately. A sum of 15608518(NSE+BSE) shares were exchanged on the counter.
The present market top of the organization is Rs 195544.35 crore.
The
BSE bunch "A" supply of face esteem Rs 1 touched a 52 week high of Rs
271.55 on 08-Sep-2016 and a 52 week low of Rs 148.3 on 12-Feb-2016. Most recent
one week high and low of the scrip remained at Rs 260.2 and Rs 246.1
separately.
The
promoters holding in the organization remained at 60.18 % while Institutions
and Non-Institutions held 28.64 % and 9.48 % individually.
Author : Wealth Research
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