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Banking And Finance | November 11, 2014
#46802

Central Bank of India decides to sell its stake in home finance firm

The public sector bank Central Bank of India has decided to exit home finance business as part of the Government's directive to sell non-core assets. The PSU bank has around 60 per cent stake in Cent Bank Home Finance. The other stakeholders in this company are NHB, Hudco and UTI. The bank has appointed ICICI Securities to find a buyer for this stake sale. The approximate valuation of the Central Bank's stake is around Rs 125 crore.

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