SBI gains on subscribing equity shares of Raajmarg Infra investment Managers
State Bank of India is currently trading at Rs. 960.00, up by 5.45 points or 0.57% from its previous closing of Rs. 954.55 on the BSE.
The scrip opened at Rs. 954.25 and has touched a high and low of Rs. 962.50 and Rs. 953.00 respectively. So far 190726 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 971.15 on 06-Nov-2025 and a 52 week low of Rs. 679.65 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 964.00 and Rs. 945.05 respectively. The current market cap of the company is Rs. 885816.22 crore.
The promoters holding in the company stood at 55.50%, while Institutions and Non-Institutions held 37.35% and 7.13% respectively.
State Bank of India (SBI) has subscribed 5,10,000 equity shares of Raajmarg Infra investment Managers through Rights issue. This acquisition increases SBI's total shareholding to 14,90,000 shares, representing a 7.45% stake in the company. The investment is being made to incorporate the company which shall act as an Investment Manager and provide services to a proposed public InvIT to be sponsored by National Highway Authority of India (NHAI).
State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
