10-07-2025
SBI Said to Plan $2.9 Billion Share Sale as Early as Next Week
State Bank of India, the country's largest lender by assets, is preparing to sell as much as 250 billion rupees ($2.9 billion) of shares to institutional investors as soon as next week, according to people familiar with the matter, in what could be the nation's biggest deal of its kind.
If the qualified institutional placement is fully subscribed, it would mark the biggest QIP ever in India, surpassing Coal India Ltd. 's 225.6 billion rupee sale in 2015, according to data compiled by Bloomberg. The bank's board approved the sale in May.
