SBI gains as bank finds suitors for 5% stake in NSE - Dollar Advisory & Financial Services

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Wednesday, 15 June 2016

SBI gains as bank finds suitors for 5% stake in NSE

Shares of depository financial institution of Asian country, the country's largest bank, climbed a pair of per cent on Wednesday when reports showed it's going to have found patrons for its five per cent stake in National exchange (NSE).

Local letter of the alphabet fund ChrysCapital Investment Advisors and Singapore's sovereign wealth fund GIC ar the seemingly patrons for the stake value Rs 900 large integer. The stake was placed on the block purchasable last month by the bank for potential investors.

Reacting to the event, the security gained one.4 per cent to hit a high of Rs 210.45 on the BSE. The stock has slipped nine per cent within the year up to now.

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