Saturday, February 1, 2014

State Bank of India prices Rs 80.32 bn QIP

State Bank of India (SBI), India's largest bank, today announced that it has priced its qualified institutions placement (QIP) of 51.32 million equity shares of face value Rs 10 (equity shares) at Rs 1,565 a share. The gross issue size, upon allotment of equity shares will be Rs 80.32 billion. This is the largest QIP equity issuance to date in India.

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