Country's largest bank SBI will raise up to ₹45,000 crore by equity and debt issuances, including up to ₹25,000 crore by way of QIP, which opened on Wednesday.
In a regulatory filing, State Bank of India (SBI) on Wednesday said it will raise up to ₹20,000 crore by issuing bonds to domestic investors during the current fiscal.
Separately, SBI also launched its share sale to institutional buyers via Qualified Institutional Placement (QIP) on Wednesday at a floor price of ₹811.05 apiece. The bank said it may offer a discount of up to 5% on the floor price.
The bank is looking to raise up to ₹25,000 crore through the QIP.
The floor price is at a discount of 2.46% over the Wednesday closing share price of ₹831.55 a share.
The fundraising of up to USD 3 billion (about Rs 25,000 crore) through public offer or private placement in FY26 was approved by the SBI's central board in May. Thereafter, the shareholders had cleared the same in June.
SBI had last raised ₹15,000 crore in 2017-18 through the QIP route.
Shares of SBI settled 1.81% higher at ₹831.55 apiece on the BSE.
