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SBIN

Mega QIP Alert! 📣

has launched a record-breaking ₹25,000 crore Qualified Institutional Placement (QIP) to strengthen its capital base. 💼 🔹 Floor Price: ₹811.05 per share (approx. 2.5% discount to the last closing price) 🔹 Oversubscribed nearly 3x – attracting bids worth around ₹75,000 crore! 🔹 Top Investors: LIC (₹7,000 crore), GIC, Capital International, ICICI Prudential AMC, and several top mutual funds and foreign institutions 🔹 Historic Move: This is SBI’s first QIP since 2017 and the largest-ever QIP in India, surpassing Coal India’s previous record 🔹 Objective: To improve CET-1 ratio, fuel credit growth, and meet Basel-III norms 📈 stock gained after the QIP announcement, hitting new highs in 2025. India’s biggest bank is gearing up for the next phase of growth—and big money is backing it! 💪