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SBI to acquire 20 percent stake in SBI Pension Funds for Rs 230 crore. The Executive Committee of the Central Board (ECCB) of the State Bank of India (SBI) has accorded final approval to the Bank for acquiring 20 percent stake held by SBICAPS (SBI Capital Markets Ltd) in SBIPFPL (SBI Pension Funds Private Ltd). The acquisition, which will be completed by December 15, 2023, is for a cash consideration of 229.52 crore, as per SBI's regulatory filing. SBICAPS is a wholly-owned subsidiary of SBI. Post-acquisition, SBI will have 80 percent stake in SBIPFPL, with the balance being held by SBI Funds Management Ltd. The latter is a joint venture of SBI (62.53 percent) and Amundi (36.73 percent). As at March-end 2023, SBIPFPL had assets under management aggregating Rs 3,39,006 crore. It posted a net profit of Rs 53.50 crore in FY23.
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The Reserve Bank of India have bought 200 tonne of gold from the International Monetary Fund (IMF) for around $ 6.7 billion.
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During the tenure of Babu Jagjivan Ram, the Minister of Railways from 195...
The boss had asked her to do the work on an urgent basis , but she put in the work and left.
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In the front room/ of our house/ there’s/ two chairs and a sofa.
A typical agraharam house comprises of a stone bench in the verandah and an open courtyard in the middle of the house.
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