SBI Plans $2.9B Share Sale

  Published 8 months ago

State Bank of India plans to raise ₹250 billion via institutional share sale, potentially launching the offer next week.

  • SBI aims to boost capital by selling shares to institutional investors, strengthening its balance sheet and growth plans.
  • The ₹250 billion issue could be one of the biggest fundraises by an Indian bank in recent years.
  • Bloomberg reports suggest SBI may launch the institutional share sale as early as next week, pending final approvals.
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