“Former President Ram Nath Kovind holds a 57.63% stake in the State Bank of India”
What FACTLY found
SBI is a Public Sector Banking and Finance company in which the majority stakes are held by the Government of India. As the shares in a government company cannot be registered in the name of a public office which is not a corporation sole as understood in law, the acquisition or holding of shares in government companies will be held in the name of the President of India or Governor of a State. The Government of India’s present stake in SBI is 56.92%. Ram Nath Kovind does not own this governme...
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 26 July 2022. FACTLY (India) looked into it and published its finding on 27 July 2022, 1 day later. Its rating was “MISLEADING”.
Where the claim appeared
- Instagram posthttps://www.instagram.com/p/CgbqsIevMP9/?utm_source=ig_embed&ig_rid=d48d8d51-1e74-4771-a8…
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.