SBI to divest stake in Jio Payments Bank ltd

The Executive Committee of the Central Board of Directors of State Bank of India approved the divestment of Bank's entire stake, i.e., 7,90,80,000 equity shares at a price of ₹13.22 per equity share in Jio Payments Bank Limited to Jio Financial Services Limited realizing ₹104,54,37,600/-, subject to all regulatory approvals.

Shares of State Bank of India was last trading in BSE at Rs. 716.15 as compared to the previous close of Rs. 695.15. The total number of shares traded during the day was 587355 in over 12750 trades.

The stock hit an intraday high of Rs. 718.15 and intraday low of 692.15. The net turnover during the day was Rs. 418741209.00.

Source : Equity Bulls

Keywords

StateBankofIndia INE062A01020 StakeSale JioPaymentsBank