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State Bank of India ( (IN:SBIN) ) just unveiled an announcement.
State Bank of India has acquired an additional 5,10,000 equity shares in Raajmarg Infra Investment Managers Private Limited through a rights issue, increasing its total stake to 7.45% with 14,90,000 shares. This strategic acquisition is likely to strengthen SBI’s position in the infrastructure investment sector, potentially enhancing its market influence and offering new opportunities for growth and collaboration with stakeholders.
More about State Bank of India
State Bank of India (SBI) is a prominent financial institution in India, operating in the banking and financial services industry. It offers a wide range of services, including personal banking, corporate banking, and investment management, with a significant focus on both domestic and international markets.
Average Trading Volume: 622,033
Technical Sentiment Signal: Buy
Current Market Cap: 8836.9B INR
Find detailed analytics on SBIN stock on TipRanks’ Stock Analysis page.