NEW DELHI: India’s largest Public Sector Bank, the State Bank of India (SBI), is likely to launch its Rs 25, 000 crore Qualified Institutional Placement (QIP) very soon, according to multiple reports.
The pricing of this Qualified Institutional Placement is expected to be close to the current market price, with a possible discount of up to 2–3 per cent.
At present, the SBI's shares are trading at Rs 827.80 on the National Stock Exchange, up by Rs 11.35 or 1.39 per cent.