State Bank of India has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
SBICARD · price
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Awaiting price reaction for this filing.
State Bank of India, the promoter of SBI Cards and Payment Services Limited, has submitted an annual disclosure to the stock exchanges under Regulation 31(4) of SEBI's Takeover Regulations. In this filing, SBI confirms that it, along with persons acting in concert, has not created any encumbrance (such as pledge or lien) directly or indirectly on its shares during the financial year ending March 31, 2025. The disclosure was signed by Priyadarshan, General Manager at SBI's Corporate Centre in Mumbai.
This is a routine annual compliance filing and indicates no new pledges or encumbrances have been created by the promoter on its holdings, which is a neutral-to-slightly-positive signal for shareholders regarding promoter stake stability.