On a Tuesday 2 % share were higher of SBI as Intraday and they planned the lenders will raise funds as they are cheered by the investors.Through the private placement the country’s largest lender sale the share at Rs.287.58 a piece and it raised by Rs. 11,000 crore.
Qualified institutional placement of the equity share on Monday it has opened a regulatory filing of the face value of Rs. 1.The floor price is based on the pricing formula and it also said that the ban will also offer a discount of not more than 5%.
In 2014, through QIP, SBI sells shares and raised at Rs.8, 032 croreand it was owned by the state owned life insurer LIC.
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