SBI QIP, July 16 -- State Bank of India (SBI), the country's largest lender by assets, on Wednesday announced the launch of a share sale to institutional investors.

The company's board at its meeting held today approved the launch of a qualified institutional placement of fully paid-up equity shares of the company at a floor price of Rs.811.05 per equity share, which is at a 2.3% discount to the last closing price of Rs.830.5 on the NSE.

More to come...

Published by HT Digital Content Services with permission from MINT....