[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Stock Market Insights With The Bull! (India) [@TheBullCharge](/creator/twitter/TheBullCharge) on x 1580 followers Created: 2025-07-22 03:31:22 UTC ▪ SBI , LIC SBI raises Rs XXXXXX cr via share sale State Bank of India (SBI) on Monday said it has raised Rs XXXXXX crore through Qualified Institutional Placement (QIP) to fund business growth. The committee of directors at its meeting held on Monday approved the closure of the issue pursuant to the receipt of application forms and the funds in the escrow account from the eligible Qualified Institutional Buyers (QIBs) in accordance with the terms of the issue, SBI said in a regulatory filing. The meeting also approved the allocation of 30,59,97,552 equity shares at an issue price of Rs XXX per share of face value of Re X each, including a premium of Rs XXX apiece, it said. The panel also finalised the allocation note to be sent to the eligible QIBs, intimating them of allocation of equity shares pursuant to the issue. In a separate filing, Life Insurance Corporation of India (LIC) said it has increased shareholding in equity shares of SBI from 81,46,59,869 to 87,58,59,380, that is, XXXX per cent to XXXX per cent of the paid-up capital of the bank. This was done through the QIP, and the share would be credited on July 23, 2025. #sbin XX engagements  **Related Topics** [approved](/topic/approved) [bank of](/topic/bank-of) [state bank of india](/topic/state-bank-of-india) [india](/topic/india) [stocks](/topic/stocks) [Post Link](https://x.com/TheBullCharge/status/1947499683578056938)
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Stock Market Insights With The Bull! (India) @TheBullCharge on x 1580 followers
Created: 2025-07-22 03:31:22 UTC
▪ SBI , LIC
SBI raises Rs XXXXXX cr via share sale
State Bank of India (SBI) on Monday said it has raised Rs XXXXXX crore through Qualified Institutional Placement (QIP) to fund business growth.
The committee of directors at its meeting held on Monday approved the closure of the issue pursuant to the receipt of application forms and the funds in the escrow account from the eligible Qualified Institutional Buyers (QIBs) in accordance with the terms of the issue, SBI said in a regulatory filing.
The meeting also approved the allocation of 30,59,97,552 equity shares at an issue price of Rs XXX per share of face value of Re X each, including a premium of Rs XXX apiece, it said.
The panel also finalised the allocation note to be sent to the eligible QIBs, intimating them of allocation of equity shares pursuant to the issue.
In a separate filing, Life Insurance Corporation of India (LIC) said it has increased shareholding in equity shares of SBI from 81,46,59,869 to 87,58,59,380, that is, XXXX per cent to XXXX per cent of the paid-up capital of the bank.
This was done through the QIP, and the share would be credited on July 23, 2025.
#sbin
XX engagements
Related Topics approved bank of state bank of india india stocks