SBI first put money into NSE in 1993 at face value. The IPO price is yet to be set, but recent secondary trades put the value of its offered stake between Rs 3,300 crore and Rs 5,600 crore.
State Bank of India is poised to divest its stake in the National Stock Exchange, an investment made in 1993 at face value of just 80 paise per share. Recent secondary market trades value this stake between Rs 3,300 crore and Rs 5,600 crore, indicating a monumental return on its…
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