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SBI to acquire entire 20% stake of SBICAPS in SBI Pension Funds

Business Line  

State Bank of India (SBI) would acquire the entire 20% stake held by its subsidiary SBI Capital Markets (SBICAPS) in their group firm, SBI Pension Funds. Currently, SBI holds a 60% stake in SBI Pension Funds, with the balance stake being held by SBICAPS (20%) and SBI Funds Management (20%). SBI Pension Funds is a Pension Fund Manager (PFM), managing the pension corpus under the National Pension System (NPS).