Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Business Line
State Bank of India (SBI) is to acquire a 6.125% stake (for INR 6.125 crore) in CCIL IFSC Ltd, which will operate the foreign currency settlement system in GIFT City and act as a clearing house and system operator.CCIL IFSC is promoted by the Clearing Corporation of India Ltd (CCIL), which will have a 57.125% stake in the proposed company. (SBI owns a 21.30% stake in CCIL itself - 16.8% directly and 4.50% indirectly via SBI-DFHI.)
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.