SUBSCRIBERS
SBI to start 92b rupee share sale
Published Thu, Jan 30, 2014 · 10:00 PM
Mumbai
STATE Bank of India (SBI), the country's largest lender, will start a share sale to raise more than 92 billion rupees (S$1.9 billion) to bolster its balance sheet, five people with knowledge of the matter said.
The Mumbai-based bank is offering as many as 58.9 million shares at a discount of as much as 2 per cent to Tuesday's closing price of 1,596.30 rupees, the sources said, asking not to be ident…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution