SBIN: State Bank of India has informed the Exchange regarding 'sale of shares in Tamilnadu Telecommunications Limited'.
SBIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
State Bank of India has disclosed the sale of 9,23,726 equity shares (2.02%) in Tamilnadu Telecommunications Limited (TTL) through open market transactions between December 2023 and July 2025. After this sale, SBI's holding in TTL has come down to 33,23,774 shares, representing 7.28% of the company's equity (down from 9.30% earlier). SBI is not part of TTL's promoter group — it is a non-core, financial investment being trimmed gradually. The disclosure is filed under SEBI's Listing Obligations and Takeover Regulations.
This is a routine trimming of a small, non-core investment in a loss-making telecom company and is unlikely to have any meaningful impact on SBIN's stock price or business. Shareholders should not read this as a strategic shift — it is housekeeping of an old portfolio holding.