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News18
a day ago
- Business
- News18
SBI Shares In Focus After Massive Rs 25,000 Crore QIP; LIC Among Major Investors
Last Updated: SBI share price will be in focus on Tuesday after the state-run lender raised Rs 25,000 crore through QIP SBI Share Price Today: SBI share price will be in focus on Tuesday after the state-run lender raised Rs 25,000 crore through a Qualified Institutional Placement (QIP) to support business expansion. The Committee of Directors of State Bank of India (SBI), in its meeting held on Monday, approved the closure of the QIP issue after receiving application forms and funds in the escrow account from eligible Qualified Institutional Buyers (QIBs), according to a regulatory filing. As per the filing, SBI approved the allocation of 30,59,97,552 equity shares at an issue price of Rs 817 per share (face value of Re 1 and a premium of Rs 816 per share). The QIP was oversubscribed by 4.5 times, with foreign investors accounting for 64.3% of the total demand. SBI said that 88% of the final allocation went to marquee long-term investors, including 24% to foreign long-term players. The raised capital will help bolster SBI's Common Equity Tier-1 (CET-1) capital ratio, which is expected to rise from 10.81% (as of March 31) to 11.5%. This will support calibrated credit growth across retail, MSME, and corporate segments, the bank added. As a result, LIC's shareholding in SBI rose from 81,46,59,869 shares to 87,58,59,380 shares, translating to an increase from 9.21% to 9.49% of the bank's paid-up capital. Other key investors in the QIP included HDFC Life Insurance, Quant Mutual Fund, and Societe Generale. SBI Share Price Performance SBI share price has risen 3% over the past month and 9% over the last six months. On a year-to-date (YTD) basis, the stock is up 4%, although it is down 7% over the past one year. However, over the long term, SBI has delivered strong returns — the stock has surged 324% in the past five years, delivering a multibagger performance. On Monday, SBI share price closed 0.11% higher at Rs 824.20 apiece on the BSE. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
6 days ago
- Business
- Economic Times
SBI shares in focus as lender launches Rs 25,000 crore QIP at discount
Shares of State Bank of India are set to be in focus on Thursday, July 16, after the country's largest public sector lender kicked off a Rs 25,000 crore share sale to institutional investors, marking one of the biggest capital-raising exercises by an Indian bank in recent years. ADVERTISEMENT 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. The floor price represents a 2.5% discount to Wednesday's closing level. The development follows the board's earlier nod on May 3, 2025, to 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 benchmark Nifty 50, which ended largely SBI's board also approved a proposal to raise Rs 20,000 crore through the issuance of Basel III-compliant Additional Tier 1 and Tier 2 Bonds, targeted at domestic investors during the current financial year, the bank disclosed in a regulatory filing. ADVERTISEMENT SBI's 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 the lender has delivered a positive return of 5% in 2025 so far. Over the last six months, its shares have climbed 10%, outperforming the Nifty's 8.6% gain. ADVERTISEMENT SBI shares are currently trading above their 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) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
15-07-2025
- Business
- Time of India
Brigade Enterprises shares in focus as board approves Rs 1,500 crore NCD issue
Shares of Brigade Enterprises are expected to remain in focus on Tuesday after the company announced that its Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs 1,500 crore on a private placement basis. In a regulatory filing dated July 14, the company said that its board considered and approved raising funds through NCDs in one or more tranches for an aggregate amount not exceeding Rs 1,500 crore (Rupees one thousand and five hundred crores only). The issuance, however, is subject to applicable regulatory and statutory approvals. According to the filing to the stock exchanges, the securities to be issued are Non-Convertible Debentures and will be offered through the private placement route. The total issuance size, as well as the number of securities to be issued, will cumulatively not exceed Rs 1,500 crore. The company also stated that the debentures may be listed, with the decision to be taken by the Board of Directors or Committee of Directors at the time of allotment. Brigade Enterprises clarified that the issuance may occur in one or more tranches, depending on the company's funding requirements and market conditions. Brigade Enterprises share price history The shares of Brigade Enterprises have declined 17.18% over the past one year. Year-to-date (YTD), it has fallen 12.29%. In the last six months, the stock has gained 0.24%, while over the past three months, it has risen 16.29%. However, over the last one month, the stock has declined 8.52%. On Monday, Brigade Enterprises shares closed 2% higher at Rs 1,084.90 on the BSE. Also read: Lack of short selling in Indian markets causing potential market distortions: Zerodha's Nithin Kamath ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
15-07-2025
- Business
- Economic Times
Brigade Enterprises shares in focus as board approves Rs 1,500 crore NCD issue
Shares of Brigade Enterprises are expected to remain in focus on Tuesday after the company announced that its Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs 1,500 crore on a private placement basis. ADVERTISEMENT In a regulatory filing dated July 14, the company said that its board considered and approved raising funds through NCDs in one or more tranches for an aggregate amount not exceeding Rs 1,500 crore (Rupees one thousand and five hundred crores only). The issuance, however, is subject to applicable regulatory and statutory approvals. According to the filing to the stock exchanges, the securities to be issued are Non-Convertible Debentures and will be offered through the private placement total issuance size, as well as the number of securities to be issued, will cumulatively not exceed Rs 1,500 company also stated that the debentures may be listed, with the decision to be taken by the Board of Directors or Committee of Directors at the time of allotment. ADVERTISEMENT Brigade Enterprises clarified that the issuance may occur in one or more tranches, depending on the company's funding requirements and market conditions. ADVERTISEMENT The shares of Brigade Enterprises have declined 17.18% over the past one year. Year-to-date (YTD), it has fallen 12.29%. In the last six months, the stock has gained 0.24%, while over the past three months, it has risen 16.29%. However, over the last one month, the stock has declined 8.52%. On Monday, Brigade Enterprises shares closed 2% higher at Rs 1,084.90 on the BSE. ADVERTISEMENT Also read: Lack of short selling in Indian markets causing potential market distortions: Zerodha's Nithin Kamath (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
05-06-2025
- Business
- Business Standard
Vedanta allots NCDs aggregating Rs 5000 cr
On private placement basis Vedanta announced that the duly constituted Committee of Directors of the Company has approved the allotment of 2,40,000 Indian Rupees (INR) Denominated Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures of face value of Rs 1,00,000 each, aggregating to Rs 2,400 crore (Series 1 Debentures), 1,75,000 Indian Rupees (INR) Denominated Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures of face value of Rs 1,00,000 each, aggregating to Rs 1,750 crore (Series 2 Debentures), and 85,000 Indian Rupees (INR) Denominated Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures of face value of Rs 1,00,000 each, aggregating to Rs 850 crore (Series 3 Debentures which together with the Series 1 Debentures and Series 2 Debentures, collectively, Debentures) with total issue size aggregating to Rs 5,000 crore on a private placement basis.
