State Bank of India puts its 5% stake in National Stock Exchange up for sale

State Bank of India puts its 5% stake in National Stock Exchange up for sale

Photo: Mint

State Bank of India (SBI) has invited bids from investors to sell its 5% stake in the National Stock Exchange of India Ltd (NSE), according to a request for proposal floated by the lender.

The nation’s largest bank has hired unit SBI Capital Markets Ltd to manage the bidding process for the stake sale. The bank and SBI Capital Markets together hold nearly 15% of NSE, India’s largest stock exchange.

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