 "SBI declares Jet Airways’ liquidation imminent as bidders fail to pay dues, escalating tensions in India’s volatile aviation sector.")
The State Bank of India (SBI) has expressed concern over the ongoing issues with the bankrupt airline Jet Airways, stating that the buyer, Jalan Kalrock Consortium (JKC), is refusing to pay outstanding dues. During a Supreme Court hearing, SBI indicated that liquidation may be the only option left for the airline, as JKC has failed ...
On September 25, 2024, SBI Mutual Fund increased its stake in KPR Mill from 4.89% to 7.74% by acquiring an additional 2.85% for over Rs 900 crore. This purchase involved 9.735 million shares at an average price of Rs 925 each. Meanwhile, KP Ramasamy, a promoter of KPR Mill, sold 10.5 million shares, reducing his ...
 "In a high-stakes move, Chinese tech giant Tencent unloaded 2.1% of its holdings in PB Fintech, the parent entity of Policybazaar, for a staggering Rs 1,668 crore via open market transactions. This extensive sell-off of 97 lakh shares, executed in 15 tranches, slashed Tencent’s stake from 4.26% to 2.13%. Notable buyers, including SBI Mutual Fund, Societe Generale, and other major financial entities, quickly acquired the shares. Despite the intense trading activity, PB Fintech’s shares dipped 0.71%, closing at Rs 1,724.85 on the BSE. This marks the third significant sale by Tencent in PB Fintech within a span of four months.")
Tencent has made a significant move by selling its 2.1% stake in PB Fintech, the parent company of Policybazaar, for a whopping Rs 1,668 crore. This transaction has seen key players like SBI Mutual Fund and Société Générale picking up shares. Keep reading to find out how this sale impacts the Market dynamics and what ...
Japan’s leading financial institution, SBI, has recently announced its decision to become a validator on the XRP Ledger. This move marks a significant step towards the mainstream adoption of Ripple’s digital currency, XRP. SBI’s involvement as a validator will help to enhance the efficiency and security of the XRP Ledger, making it an even more ...
