Steadfast Group Limited (AU:SDF) has released an update.
The Commonwealth Bank of Australia (CBA) has become a substantial holder in Steadfast Group Limited, acquiring a 5.00% voting power through ownership of 55,321,923 fully paid ordinary shares. This significant stake acquisition by one of the country’s leading banks showcases their confidence in Steadfast Group’s potential and financial stability. The CBA’s relevant interests in Steadfast Group arise from its control over voting and disposal rights in several investment avenues, including Avanteos and Colonial First State Investments.
For further insights into AU:SDF stock, check out TipRanks’ Stock Analysis page.
