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Stock Report
SBI to offload 6% stake in SBI Funds Management through IPO
Posted On : 2021-12-15 08:52:26( TIMEZONE : IST )
State Bank of India has announced that the Executive Committee of Central Board of the Bank has accorded approval for exploring possibilities to offload 6% stake of the Bank in SBI Funds Management Private Limited through IPO route, subject to receipt of all regulatory approvals.
Shares of State Bank of India was last trading in BSE at Rs. 488.55 as compared to the previous close of Rs. 487.65. The total number of shares traded during the day was 428009 in over 9594 trades.
The stock hit an intraday high of Rs. 490.25 and intraday low of 481.75. The net turnover during the day was Rs. 208118986.00.
