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SBI plans to sell 10% in insurance, MF holding co

India`s biggest lender State Bank of India  is mulling selling up to 10% stake in its proposed holding company for its life insurance and mutual fund businesses to institutional investors, reports Business Standard.  

SBI is planning to set up this holding company in next two-three months and even plans to list it in this financial year. The 10% stake, valued at about Rs 20 billion, would be sold to as many as four investors.(Source : My Iris)

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