State Bank of India, the nation’s largest lender, is set to initiate a share sale amounting to ₹250 billion ($2.9 billion) for institutional investors as early as next week, as per reports on July 10, 2025. The bank’s board had approved the sale back in May, aiming to raise approximately ₹450 billion through a qualified institutional placement of shares in the 2025-26 financial year, as per government sources.
Key highlights:
• State Bank of India to sell ₹250 billion in shares to institutional investors
• Board approval secured in May
• Plans subject to change
• Government sources estimate ₹450 billion to be raised in FY 2025-26
The move is expected to have significant implications for the Indian banking and financial sector.
Source: Business News Today, Latest Finance News | The Hindu