Multiple choice

SBI has planned to sell some of its stake in holding companies for its insurance and mutual fund businesses to institutional investors. The percentage to be sold is

  1. 8%

  2. 10%

  3. 12%

  4. 15%

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SBI planned to sell 10% of its stake in its holding companies for insurance (SBI Life) and mutual fund (SBI Funds Management) businesses to institutional investors. This was part of SBI's strategy to unlock value and comply with regulatory requirements. The exact percentage of 10% was a significant stake sale in these subsidiaries.