Corporate News     21-Jan-23
State Bank of India to acquire balance stake in Commercial Indo Bank LLC, Moscow
From JV partner Canara Bank
State Bank of India has entered into an agreement dated 15 November 2022 in relation to purchase of 40% stake in Commercial Indo Bank LLC (CIBL), Moscow held by Canara Bank.

CIBL is a joint venture of State Bank of India and Canara Bank in 60:40 ratio.

The cash consideration for the transaction is equivalent to USD 14.67 million.

Post acquisition, State Bank of India will hold 100% stake in CIBL.

Previous News
  Nifty June futures trade at premium
 ( Market Commentary - Futures Market 11-Jun-24   16:40 )
  State Bank of India consolidated net profit rises 4.25% in the June 2024 quarter
 ( Results - Announcements 03-Aug-24   14:23 )
  SBI board OKs to raise upto $3bn
 ( Hot Pursuit - 11-Jun-24   15:08 )
  State Bank of India Board approves bond issuance up to Rs 25,000 cr
 ( Corporate News - 03-Aug-24   14:07 )
  Nifty February futures trade at premium
 ( Market Commentary - Futures Market 05-Feb-24   16:22 )
  Nifty May futures trade at premium
 ( Market Commentary - Futures Market 22-May-24   16:14 )
  State Bank of India soars 0.5%, gains for fifth straight session
 ( Hot Pursuit - 11-Jun-24   13:00 )
  State Bank of India approves to consider long term fund raising up to USD 3 billion
 ( Corporate News - 11-Jun-24   13:53 )
  Nifty February futures trade at premium
 ( Market Commentary - Futures Market 01-Feb-24   16:51 )
  Sensex, Nifty end sideways; media shares rally; VIX slumps 9.95%
 ( Market Commentary - Quick Review 11-Jun-24   15:50 )
  Aurionpro Solutions inks 6-year contract with State Bank of India
 ( Corporate News - 12-Mar-24   13:31 )
Other Stories
  ITD Cementation India wins order of Rs 1,937 cr
  03-Oct-24   10:35
  NIIT Learning Systems allots 1,666 equity shares under ESOP
  03-Oct-24   10:30
  Ashoka Metcast to discuss results
  03-Oct-24   10:29
  Emerald Finance to declare Quarterly Result
  03-Oct-24   10:29
  Rhetan TMT schedules board meeting
  03-Oct-24   10:29
  Shrenik to table results
  03-Oct-24   10:29
  Universal Arts to declare Quarterly Result
  03-Oct-24   10:28
  Three M Paper Boards to conduct board meeting
  03-Oct-24   10:28
  Arkade Developers to declare Quarterly Result
  03-Oct-24   10:28
  Worth Investment & Trading Company announces board meeting date
  03-Oct-24   10:28
Back Top