New Delhi, July 17 -- State Bank of India (SBI) share price is likely to be in focus on Thursday, July 17, a day after the company announced the launch of a share sale to institutional investors to raise Rs.25,000 crore.

SBI share price ended 1.87 per cent higher at Rs.831.70 apiece on Wednesday, extending gains to the fourth consecutive session.

SBI's board on Wednesday, July 16, approved the launch of a qualified institutional placement (QIP) 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 per cent discount to the last closing price of Rs.830.5 on the NSE. The issue opened on Wednesday, July 16.

The bank may offer a maximum 5 per cent discount on the floor price calculat...