Central Bank hires SBI caps to sell stake in IL&FS
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State-run Central Bank of India had appointed SBI Caps to identify a buyer for its stake in Infrastructure Leasing & Financial Services (IL&FS), a senior bank official told the Press Trust of India. He, however, refused to put a valuation for the 8.34 per cent stake in the unlisted firm.
The bank is one of the promoters of IL&FS and holds 8.34 per cent stake in it, according to the company's website.
The top shareholders in IL&FS are LIC (25.34 per cent), Orix Corporation of Japan (23.04 per cent), Abu Dhabi Investment Authority (11.09 per cent) and IL&FS Employees' Welfare Trust (13.65 per cent). Other shareholders include HDFC (9.81 per cent), SBI (6.98 per cent) and UTI AMC (0.80 per cent).
Last month, Central Bank CMD Rajeev Rishi had said they would approach the government for additional capital of Rs 1,500 crore this year and if there was any shortfall, it could look for some other sources to raise funds.
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Aadhar Housing Finance made a flattish stock market debut on Wednesday with its shares of housing finance company (HFC) getting listed at Rs 315 per share, a 0.22 per cent discount over its issue price of Rs 315 per share.
However, after listing the stock of the company moved up to 4.7 per cent at Rs 329 a piece in intraday deals on the BSE.
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