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Up to 49% SBI Caps Equity to be Sold by Lender
May 28, 2018
As a part of its Rs. 20,000 crores capital-raising exercise, public sector State Bank of India (SBI) is planning to sell up to 49% state in its investment banking arm SBI Capital Markets aka SBI Caps.
SBI chairman Rajnish Kumar said that this year SBI is planning to get a partner for SBI Caps by giving away 24% to 49% equity. He said that the bank is also planning to sell up to 5% stake in SBI General Insurance.
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