SBIN

SBI QIP opens on Wednesday at floor price of Rs 811.05 per share

State Bank of India‘s institutional placement of shares via QIP opened on Wednesday at a floor price of Rs 811.05 a piece. In May, the board of the country’s largest bank SBI had approved raising up to USD 3 billion (about Rs 25,000 crore) funds through public offer or private placement in the current fiscal. Thereafter, the shareholders had cleared the fundraising plans in June.