Try GOLD - Free
SBI Eyes ₹25K Cr Via Record QIP
Business Standard
|July 17, 2025
Sets floor at 2.5% discount; board clears ₹20,000 cr AT bond raise
State Bank of India (SBI), the largest lender in the country, has launched a share sale to institutional investors to raise upto ₹25,000 crore, the biggest qualified institutional placement (QIP) so far by an Indian firm, and has set a floor price of ₹811.05, which is at a 2.5 per cent discount on Wednesday's closing price.
Separately, the bank's board approved another ₹20,000 crore fund raise by issuing bonds.
Life Insurance Corporation, Singapore's GIC, Capital International, and ICICI Prudential AMC are some of the investors in the share sale, investment-banking sources said.
This is the first QIP by the banking major since 2017, when it had raked in ₹15,000 crore.
This story is from the July 17, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
When faith turned to power
Once a quiet riverside ritual, Dev Deepawali has evolved into UP’s largest soft-power spectacle — merging faith, art, and enterprise into a global cultural brand that reflects the state’s growing confidence
3 mins
November 04, 2025
Business Standard
Oil imports from US at 4.5-year high in October
Russian supply also stays strong
1 mins
November 04, 2025
Business Standard
Green energy to power new Assembly
The new building of the Chhattisgarh Assembly will be fully powered by green energy, with solar projects being installed in phases.
1 min
November 04, 2025
Business Standard
PM rolls out ₹1 trn RDI fund for 'high-risk, high-impact projects'
Prime Minister Narendra Modi on Monday unveiled a ₹1 trillion research, development and innovation (RDI) fund aimed at spurring private sector-led research and technological advancement across the country.
2 mins
November 04, 2025
Business Standard
Policy transparency
Report on failure to achieve the inflation target must be released
2 mins
November 04, 2025
Business Standard
SC confronts Trump, his tariffs in test of prez power
Again and again since US President Donald Trump returned to the White House, the Supreme Court's conservative majority has blessed his boundary-pushing policies, allowing them to take effect on an interim basis while litigation plays out in the lower courts. But on Wednesday, the justices will consider for the first time whether to say \"no\" to Trump in a lasting way.
3 mins
November 04, 2025
Business Standard
Women's World Cup glory opens 'brand' new innings
When the winning catch nestled into captain Harmanpreet Kaur’s palms around Sunday midnight, the ball wasn’t just a piece of stitched leather anymore. It became part of history — the moment India’s women cricketers claimed their maiden ODI World Cup and, in doing so, set the stage for a surge in their brand value.
2 mins
November 04, 2025
Business Standard
Microsoft to invest over $15 bn in UAE
Secures export licences for Nvidia chips
1 min
November 04, 2025
Business Standard
SC allows govt to offer relief on all Vi dues
The Supreme Court on Monday modified its earlier order of October 27, allowing the Centre to take a call on the entire adjusted gross revenue (AGR) dues of Vodafone Idea (Vi) instead of just the additional demand of ₹9,450 crore, of which ₹5,606 crore pertains to 2016-17.
2 mins
November 04, 2025
Business Standard
Blackwell AI chip not for 'other people': US Prez
Nvidia's advanced Blackwell chip for artificial intelligence would not be available to \"other people,\" US President Donald Trump said Sunday.
1 min
November 04, 2025
Listen
Translate
Change font size