Country’s largest lender State Bank of IndiaBSE -0.18 % today said it has received board approval to divest 4.40 percent stake in Clearing Corporation of India.
“The Executive Committee of Central Board (ECCB) in its meeting held today has accorded its approval for divestment of 22 lakh equity shares, constituting 4.40 percent of our stake, in Clearing Corporation of India (CCIL),” the bank said in a regulatory filing.
The proposed sale is subject to necessary regulatory approvals and approval of CCIL Board, it said.
Source: Economic Times