RBI blocks SBI's stake increase in Investec joint venture
after close1 source ↓written by the desknot a recommendation
- with Investec
- 20% to 40%
The Reserve Bank of India has rejected SBI Capital Markets' request to raise its stake in a joint venture with Investec from 20% to 40%. The regulator cited concerns over overlapping business activities within SBI's group companies. This decision may impact SBI's strategic plans in the equity capital markets sector.
Not investment advice. For informational purposes only.