State Bank of India (NSEI:SBIN) entered into an agreement to acquire remaining 40% stake in Commercial Indo Bank" LLC from Canara Bank (NSEI:CANBK) for $14.7 million on November 15, 2022. Commercial Indo Bank generated profit of $1.2 million in 2022. The transaction is expected to close on March 31, 2023.
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880.7 INR | -0.07% | +2.25% | 94.06B | ||
116 INR | -1.03% | +0.03% | 12.6B | ||
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+37.17% | 94.06B | |
+27.50% | 608B | |
+30.62% | 343B | |
+14.14% | 267B | |
+23.75% | 205B | |
+17.42% | 178B | |
+15.44% | 179B | |
+4.91% | 157B | |
+14.42% | 156B | |
+19.41% | 149B |
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- State Bank of India entered into an agreement to acquire remaining 40% stake in Commercial Indo Bank" LLC from Canara Bank for $14.7 million.