State Bank of India (SBI) raises Rs 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth. LIC increases SBI shareholding.

This fundraise marks a major step in SBI's capital augmentation strategy and is expected to support the bank's growth plans.

Life Insurance Corporation of India (LIC) has raised its stake in State Bank of India (SBI) by acquiring an additional 0.28% ...

State Bank of India , the country's largest lender by assets, said on Monday it has raised 250 billion rupees ($2.90 billion) ...

LIC acquires 0.28% stake in SBI for Rs 5,000 crore through QIP, increasing its holding to 9.49%. Details of the investment ...

State-run largest renewable energy financier in India, IREDA, looks to bolster equity with a planned ₹3,000 crore equity ...

The fund raise may be done in one or more tranches through the permitted routes such as a public offer, rights issue, private placement, preferential allotment, Qualified Institutional Placement (QIP) ...

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As per the bank’s regulatory filing on July 16, SBI had set the floor price at Rs 811.05 per share, based on SEBI's prescribed pricing formula. If fully subscribed, this QIP will become the largest ...