SBI Raises ₹25,000 Cr via Share Sale to Boost Growth…

State Bank of India (SBI) has raised ₹25,000 crore through a Qualified Institutional Placement (QIP) — one of the biggest equity fundraising moves in FY26 so far. The money will be used to support business growth. SBI allocated 30.6 crore shares at a price of ₹817 per share (face value ₹1 + premium ₹816). This move was approved by: • SBI’s board in May 2025 • SBI’s shareholders in June 2025 This is SBI’s first QIP in 7 years — the last one was in 2017-18 when it raised ₹15,000 crore. LIC Increases Stake in SBI: India’s largest insurer LIC has raised its shareholding in SBI from 9.21% to 9.49% via this QIP. • LIC now holds 87.58 crore shares, up from 81.46 crore. The new shares will be credited on July 23, 2025. More Fundraising Ahead: SBI also received board approval to raise up to ₹20,000 crore in FY26 through: • Additional Tier 1 (AT1) Bonds • Tier 2 Bonds Strong Financial Performance: For FY25, SBI reported a 16% jump in standalone profit to ₹70,901 crore, compared to ₹61,077 crore in FY24. Dividend Declared: ₹15.90 per equity share for FY25. Takeaway: SBI’s massive QIP signals confidence in long-term growth plans, with LIC backing the move. A strong profit and steady dividend add to investor optimism. 👉 Follow for more stock market updates.