State Bank of India (SBI) said it has raised nearly ₹25,000 crore through qualified institutional placement (QIP) of its equity shares. This is said to be the largest QIP ever in the Indian capital markets, CNBC TV18 reported. SBI approved the issue of 30.59 crore shares at an issue price of ₹817/share on Monday. The QIP was subscribed 4.5 times.
short by
Dharini Mudgal /
08:50 pm on
22 Jul