State Bank of India sells 5% stake held in Nationa Stock Exchange

For Rs 911.25 crore

State Bank of India has sold 5% stake in National Stock Exchange of India (NSE) constituting 22,50,000 equity shares of NSE to Veracity Investments, a Mauritius based FII, on 30 June 2016 @ Rs.4050 per share for a total consideration of Rs.911.25 crore. Post this transaction, SBI holds 5.19% stake in NSE while its subsidiary SBI Capital Markets holds another 4.33% in the NSE.

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