Try GOLD - Free
Investment banks to pitch for mega SBI QIP this week
Hindustan Times Pune
|June 23, 2025
THE SBI BOARD APPROVED THE PLAN ON MAY 3, MARKING ITS SECOND QIP SINCE FY18
MUMBAI: State Bank of India (SBI) has invited pitches from investment banks to help it raise ₹25,000 crore through a qualified institutional placement (QIP), two people aware of the matter said. "The investment banks will make their presentations this week," one of the persons cited above said.
The board of India's largest bank had approved the fundraising on 3 May, its second QIP since FY18 when it raised ₹18,000 crore. A QIP is a quicker way than a rights issue or follow-on offer for a listed company to raise capital by selling shares or convertible securities to institutional buyers.
On Friday, SBI shares closed 1.29% higher at ₹795.25, in line with the benchmark Nifty index that closed at 25,112.40. SBI's market capitalisation stood at ₹7.09 trillion, highest among state-run companies.
Queries emailed to SBI remained unanswered.
This story is from the June 23, 2025 edition of Hindustan Times Pune.
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 Hindustan Times Pune
Hindustan Times Pune
TVK’s poll promises of handouts, jobs in focus
A monthly handout of ₹2,500 for every woman in Tamil Nadu, ₹10,000 for unemployed graduates, a waiver for cooperative crop loans and a ministry of artificial intelligence — Tamil actor Vijay's Tamilaga Vettri Kazhagam (TVK) made a raft of promises aimed at the southern state’s women, its farmers, and the younger population in its manifesto.
2 mins
May 05, 2026
Hindustan Times Pune
SC agrees to examine Trans Act, seeks Centre's response
THE COURT HAS ALSO ASKED THE ALL STATES AND UTs FOR THEIR RESPONSE; MATTER WILL NOW BE PLACED BEFORE A 3-JUDGE BENCH
2 mins
May 05, 2026
Hindustan Times Pune
HC dismisses SpiceJet review in ₹144 cr row
The Delhi high court on Monday dismissed review petitions filed by low-cost carrier SpiceJet and its promoter Ajay Singh against its earlier order directing payment of ₹144 crore to Kalanithi Maran and Kal Airways in an ongoing arbitration dispute.
1 mins
May 05, 2026
Hindustan Times Pune
Narine's 15-year journey of dazzle and mystery for KKR
In a high-profile league that possesses the most daunting appraisal system, Sunil Narine remains a curiously stubborn performer.
3 mins
May 05, 2026
Hindustan Times Pune
Ex-NY mayor hospitalised
Former New York City mayor Rudolph Giuliani is breathing on his own after being hospitalised with pneumonia and placed on a ventilator, his spokesperson said on Monday.
1 min
May 05, 2026
Hindustan Times Pune
Kerala
It is not every day that both the incumbent and the challenger in a major Indian state are fighting for survival.
2 mins
May 05, 2026
Hindustan Times Pune
Mother of RG Kar victim registers comfortable win
R G Kar rape-murder victim's mother Ratna Debnath and Rekha Patra, the face of Sandeshkhali protests, both of whom were projected as the embodiment of the BJP’s fight against atrocities on women in West Bengal, drubbed their TMC opponents comfortably.
1 mins
May 05, 2026
Hindustan Times Pune
Surendra Gadling gets bail; last of 15 accused in the case
{ ELGAR PARISHAD-BHIMA KOREGAON
1 mins
May 05, 2026
Hindustan Times Pune
AINRC-led NDA wins Puducherry
The National Democratic Alliance (NDA), led by the All India NR Congress (AINRC), retained the 30-member Puducherry assembly after winning 18 of the 30 seats in the Union Territory.
1 mins
May 05, 2026
Hindustan Times Pune
U.S. EVACUATES 22 CREW MEMBERS OF SEIZED IRANIAN SHIP TO PAKISTAN
The United States has evacuated 22 crew members, held aboard an Iranian ship seized by its forces, to Pakistan as a \"confidence-building measure\", a statement issued by Foreign Office (FO) said on Monday.
1 min
May 05, 2026
Listen
Translate
Change font size