Mumbai/IBNS, Nov. 13 -- The State Bank of India (SBI) shares are in focus after the lender has inked a Non-Binding Term Sheet with Care Ratings Limited, Business Today report said.

SBI inked the deal to buy 29,70,000 equity shares of CareEdge Global IFSC Limited.

On Wednesday, SBI stocks ended at 957.35 showing a dull run in the market.

The transaction is likely to be concluded within six months since the Non-Binding Term Sheet.

Earlier, SBI approved the selling of Rs. 3.20 crore equity shares representing 6.3% of the total equity capital of its mutual fund arm SBI Funds Management Limited (SBIFML) via IPO, media reports said.

Amundi India Holding, the other promoter of SBIFML, will also divest Rs. 1.88 crore shares representing 3.7%...