When did the Centre acquire the Reserve Bank of India 39 s entire 59 73 equity stake in the State Ba...........

Professional Legal Knowledge RBI Act

When did the Centre acquire the Reserve Bank of India's entire 59.73% equity stake in the State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi?

April 5, 2006

May 26, 2006

June 29, 2007

September 30, 2005

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Explanation:

The Centre acquired the Reserve Bank of India's entire 59.73% equity stake in State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi on June 29, 2007. It is the biggest ever cash purchase. As per the guidelines of the Securities and Exchange Board of India (SEBI), the Government picked up the entire SBI shares held by the RBI at a price of Rs. 1,130.35 a share.