M&A

M&A

SBI to buy entire 13% stake of three stakeholders in SBI Global Factors

PTI  

State Bank of India will buy out the entire stake of over 13% held by three other banking partners in SBI Global Factors Ltd (SBIGFL). The other three banking partners are SIDBI, Bank of Maharashtra and Union Bank of India. SBIGFL, a subsidiary of State Bank of India, is a non-banking financial company. It provides domestic and export factoring services.