INSUBCONTINENT EXCLUSIVE:
Rs 25,000 crore share sale to institutional investors, marking one of the biggest capital-raising exercises by an Indian bank in recent
years.The Committee of Directors of the banking giant approved the launch of the Qualified Institutional Placement (QIP) on July 16, setting
the floor price at Rs 811.05 per equity share, as per the exchange filing
raise capital via the QIP route
On Wednesday, the board formally authorised the opening of the issue.Shares of SBI closed 1.9% higher on the day, outperforming the
proposal to raise Rs 20,000 crore through the issuance of Basel III-compliant Additional Tier 1 and Tier 2 Bonds, targeted at domestic
stock performance has lagged the broader market and peers in the PSU banking space over the past year, falling nearly 6%
In comparison, the Nifty PSU Bank index declined over 2%, while the benchmark Nifty 50 rose 2.5% in the same period.However, the lender has
delivered a positive return of 5% in 2025 so far
50-day and 200-day simple moving averages, at Rs 801 and Rs 789, respectively
The stock has shown moderate volatility, with a one-year beta of 1.1.Also read | SBI launches Rs 25,000 crore QIP, sets floor price at Rs
811.05/share(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of Economic Times)
