Central Government acquires RBI's SBI Stake

State Bank of India (SBI) has announced that the entire shareholding of Reserve Bank of India aggregating 31,43,39,200 equity shares with a face value of Rs 10/- each in the Bank was transferred to the Central Government on June 29, 2007.

The stock closed the day at Rs.1527.50, up by Rs.57.15 or 3.89%. The stock hit an intraday high of Rs.1531 and low of Rs.1472. The total traded quantity was 1025349 compared to 2 week average of 642068.

Source : Equity Bulls

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