Indian government could sell $1.5bn SBI stake Monday

By Clare Hammond
27 Jan 2014

The government of India could launch a divestment of $1.5bn worth of State Bank of India shares by the close of play on Monday, depending on market levels, according to bankers on the trade.

The government plans to reduce its stake in SBI in a deal that could be worth between $1.2bn and $1.5bn. 

“The plan was to go today though I’m not sure where this stands given market conditions, but we’ll know by the end of today,” said a banker on ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options