SBI, SBI Capital Markets plan 1% NSE stake sale
State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd are jointly planning to sell up to a 1% stake in the National Stock Exchange (NSE) through the exchange's upcoming Rs 30,000-crore initial public offering (IPO). SBI Chairman C S Setty revealed that the bank will be diluting a 0.65% stake in the NSE, while SBI Capital Markets will reduce its 0.35% stake, together accounting for approximately 1% of the exchange.
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