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State Financial institution of India to promote billion stake in Sure Financial institution to Japan’s SMBC, ETCFO

State Financial institution of India to promote $1 billion stake in Sure Financial institution to Japan’s SMBC, ETCFO

Newz BabaMay 10, 2025May 10, 202501 mins

State Financial institution of India will divest a 13.19% stake in personal lender Sure Financial institution to Japan’s Sumitomo Mitsui Banking Company (SMBC) for 88.89 billion rupees ($1.04 billion), it mentioned on Friday. SMBC, owned by Sumitomo Mitsui Monetary Group, has been in discussions with Sure Financial institution’s largest investor, State Financial institution of India,…

Sure Financial institution points clarification on Japan’s SMBC in talks to purchase important stake, ETCFO

Newz BabaMay 7, 2025May 7, 202505 mins

Amid speculations, Sure Financial institution on Tuesday mentioned that discussions with Sumitomo Mitsui Banking Corp. (SMBC) over stake purchase are at present preliminary, including that it routinely explores alternatives geared toward enhancing shareholder worth. The Financial Instances in its Might 6 version had reported that SMBC is in superior talks with the non-public lender to…

IHFL, DB promoters get reduction in DHFL-Sure Financial institution mortgage fraud case | India Information

Newz BabaMarch 16, 2025March 16, 202504 mins

MUMBAI: A particular courtroom rejected CBI’s chargesheet in opposition to Indiabulls Housing Finance Ltd (IHFL), share dealer Sanjay Dangi, and DB Realty promoters (Shahid Balwa and Vinod Goenka) together with their affiliate corporations in Rs 4,733 crore DHFL-Sure Financial institution mortgage fraud case. The courtroom concluded there was insufficient proof to exhibit their participation in…