INSUBCONTINENT EXCLUSIVE:
MUMBAI: State Bank of India (SBI) has appointed Kotak Mahindra Capital, HSBC India, CLSA, Bank of American Merrill Lynch and SBI Capital
received shareholder approval last month to raise as much as Rs 20,000 crore through share sale, following board assent for plan
in range of 10-12 per cent for FY19
On Thursday, SBI's shares ended little changed at Rs 304.65 on BSE.
Ten companies raised Rs 6,107 crore through QIPs in nine months to
December, lowest in a financial year since FY12, mainly because of overall weakness in markets
QIP issuances rose to a record Rs 62,520 crore in FY18, as market was at peak of bull run, according to Prime Database.
SBI raised Rs 15,000
crore through QIP in June 2017, since when stock has returned 6 per cent.
