State Bank of India launches up to $1.5b share sale: Sources

Tags: News
State Bank of India, the country's largest lender, on Tuesday launched a share sale to raise up to $1.5 billion that will be used to boost its domestic and overseas banking operations, three sources with direct knowledge of the deal said.

The bank is selling shares to institutional investors in the price band of 1,565 rupees to 1,596 rupees a share, said the sources, who declined to be named as they were not authorised to speak to the media.

State Bank of India shares ended 0.1 percent up on Tuesday at 1,596.30 rupees.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s relief-rescue ops in Nepal are part of Modi’s South Asia strategy

    In reacting with alacrity to the earthquake disaster in Nepal, prime minister Narendra Modi has demonstrated two things.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Taslima Nasreen

Will Saudi sex slavery ever end?

An intriguing news item was published in the Arab world ...

Purnendu Ghosh

Err all right, but hiding is wrong

We are human, and therefore, prone to making mistakes. We ...

Shona Adhikari

Art lovers in India are spoilt for choice

Recent art trends point towards the inclusion of a wider ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture