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ChrysCapital, GIC may acquire SBI’s 5% stake in NSE

ChrysCapital, GIC may acquire SBI’s 5% stake in NSE

ChrysCapital and GIC are seeking to buy SBI’s stake at a price of around Rs.4,000-4,050 per share, says report.

 

ChrysCapital Investment Advisors India Pvt. Ltd and Singapore’s sovereign wealth fund GIC Pte. Ltd  is planning to acquire 5% stake in National Stock Exchange of India Ltd (NSE), according to reports.

Report says that ChrysCapital and GIC are seeking to buy SBI’s stake at a price of around Rs.4,000-4,050 per share.

The stake was put on the block by State Bank of India (SBI).

State Bank of India ended at Rs. 207.55, up by Rs. 5.35 or 2.65% from its previous closing of Rs. 202.2 on the BSE.
 
The scrip opened at Rs. 204.1 and touched a high and low of Rs. 208.25 and Rs. 204 respectively. A total of 25888568(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 161116.44 crore.
 
The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 291.85 on 05-Aug-2015 and a 52 week low of Rs. 148.3 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 212.8 and Rs. 200.3 respectively.
 
The promoters holding in the company stood at 60.18 % while Institutions and Non-Institutions held 27.88 % and 10.07 % respectively.
 
The stock traded above its 200 DMA.

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