M&A
SBI buys out other shareholders from SBI Global Factors for Rs.65-Cr
State Bank of India has become the sole shareholder in SBI GLobal Factors - which provides domestic and export factoring services - by buying up the about 14% stake held by other shareholders for INR 67.84 crore. The selling shareholders included SIDBI (6.53%), Bank of Maharashtra (4.34%) and Union Bank of India (2.95%).
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