SBI Shares in focus as bank schedules July 16 board meeting to discuss fundraising plans
ETMarkets.com July 11, 2025 02:20 PM
Synopsis

State Bank of India's shares are set to be in focus as the board meeting is scheduled for next week to consider fundraising plans. The lender aims to raise funds during FY26 through the issuance of Basel III-compliant capital bonds in INR.

SBI share price: The bank has announced that its board meeting, set for next week, will focus on evaluating proposed fundraising plans.
Shares of the State Bank of India (SBI) are likely to be in focus on Friday, as the bank has announced its upcoming board meeting, scheduled for next week, to consider fundraising plans. The country’s largest lender has informed stock exchanges that a meeting of its Central Board is expected to be held on Wednesday, July 16.

In a regulatory filing, SBI stated that the board will consider and seek approval for raising funds during the financial year 2025–26 (FY26) through the issuance of Basel III-compliant capital bonds denominated in Indian Rupees (INR).

“In compliance with Regulation 29 (1), Regulation 50 (1) and other applicable provisions of the SEBI (LODR) Regulations, 2015, we inform that a meeting of the Central Board of State Bank of India is scheduled to be held on Wednesday, 16th July 2025, inter alia, to consider and seek approval for raising funds during FY26 by way of issuance of Basel III compliant capital bonds in INR,” the company said.

According to previous reports by ET, SBI is preparing to sell as much as Rs 25,000 crore ($2.9 billion) of shares to institutional investors as soon as next week

This could be the nation’s biggest deal of its kind.

If fully subscribed, the qualified institutional placement (QIP) would become the largest ever in India, surpassing Coal India’s Rs 22,560 crore offering in 2015, according to Bloomberg data. The share sale was approved by the bank’s board in May.

On Thursday, the shares of SBI closed flat at Rs 808 on the BSE.

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