State Bank of India (SBI) is set to raise up to Rs 25,000 crore through a qualified institutional placement (QIP), its first in eight years, to boost its CET-1 capital. Several merchant banks, including Kotak Mahindra and ICICI Securities, have been finalized for the fundraising.
‘Largest share sale through QIP’: SBI plans Rs 25,000 crore Qualified Institutional Placement; appoints six banks for first share sale in 8 years
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