Among the biggest beneficiaries are India’s largest lender, State Bank of India (SBI), IDBI Bank, and the Specified Undertaking of Unit Trust of India (SUUTI). According to an , SBI acquired 6 million NSDL shares at an average price of Rs. 2 each. The bank’s investment skyrocketed from Rs. 1.20 crore to an astonishing Rs. 7,801.80 crore, reflecting an unbelievable return of over 650 times its initial cost.
Similarly, IDBI Bank’s NSDLof nearly 30 million shares, also purchased at Rs. 2 apiece, are now worth approximately Rs. 3,898.80 crore. Thus, turning an initial investment of Rs. 5.996 crore into a 650-bagger profit. SUUTI completes this triumphant trio, with its 10.25 million shares rising from an acquisition cost of Rs. 2.049 crore to a market value exceeding Rs. 1,332 crore.
