Comments
State Bank of India has acquired 23 per cent more shares of Bank State Bank of India, Indonesia, (BSBII) in a recent deal with P.T. Ravindo Jaya.
In a notice to the BSE, India’s largest bank said following the acquisition, it now has 99 per cent stake in the Indonesian Bank while 1 per cent stake is held by P.T. Ravindo Jaya. SBI, however, did not disclose the acquisition price. As on March-end 2013, SBI’s Indonesian banking subsidiary had 14 branches.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.