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GC Asia
Indian government could sell $1.5bn SBI stake Monday
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 ...Please take a trial or subscribe to access this content.
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