NEWS
SBI Mutual Fund ups stake in CSB Bank to over 5%
SBI Mutual Fund’s stake in CSB Bank rose from 4.96% to 5.01% following acquisition of additional 86,993 shares.
SBI Mutual Fund’s stake in CSB Bank rose from 4.96% to 5.01% following acquisition of additional 86,993 shares.
SBI Mutual Fund has upped its stake in CSB Bank to over 5% through a new purchase of shares.
The private sector lender on Tuesday said SBI Mutual Fund’s stake in the bank rose from 4.96% to 5.01% following the acquisition of an additional 86,993 shares.
The acquisition was through open market purchase on 1 January 1 2021, according to a regulatory filing by CSB Bank.
Last year, the Reserve Bank of India (RBI) had given its nod to SBI Funds Management to acquire up to 10% stake in CSB Bank.
The RBI approval will be valid for a year till 21 July 2021. The investment will be through various schemes of SBI Mutual Fund.
