SBI sells 4% stake in CIBIL to IIFL for around Rs 72 crore
State Bank of India has sold
4 per cent stake in the largest credit information company Credit Information
Bureau India Ltd (CIBIL) for an estimated Rs 72 crore. Cibil is the largest and
the oldest credit bureau in the country having entered the market in 2000. It
claims to enjoy almost 90 per cent of the credit information market in India
which has three other players - Experian, Equifax and HighMark. IIFL India
Alternatives is a leading mid-growth PE fund, founded by Shivani Bhasin
Sachdeva and sponsored by IIFL Private Wealth.
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