Its Rs8,000 crore issue in January 2014 is so far the biggest institutional share sale. Coal India Ltd’s Rs15,200-crore new share sale in 2010 is the largest equity fund raise in India so far. In a notice to the exchanges on Monday, SBI said the floor price for the so-called qualified institutional placement (QIP) has been set at Rs287.58 per share. At the floor price, SBI will issue 521.6 million shares if the issue is fully subscribed. The book will also see subscription by hedge funds,” said a person involved in the SBI QIP, on the condition of anonymity.

Source: Mint June 05, 2017 12:27 UTC