BSEHighNeutral
Announced Tue, 6 May · 18:59 IST

Notice of General Meeting to be held on 13.06.2025 at 5.00 PM

Qip At DiscountFund Raising View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

State Bank of India has called a General Meeting of shareholders on 13 June 2025 at 5:00 PM (via video conferencing) to seek approval for raising equity capital of up to ₹25,000 crores during FY2025-26. The funds may be raised through a Follow-on Public Offer (FPO), Qualified Institutions Placement (QIP), Rights issue, or any combination of these modes, subject to Government of India and RBI approval. The Government of India currently holds 56.92% of the bank's paid-up capital as of 31 March 2025, and must continue to hold at least 51% post-issue. The bank's Capital Adequacy Ratio stood at 14.25% as of 31 March 2025 (up from 13.03% in December 2024). The Board approved the proposal on 3 May 2025, and RBI has permitted capital raising via FPO/QIP/preferential allotment till 31 March 2026.

Likely market impact

If approved, this enables SBI to raise a large pool of fresh equity to support long-term growth, lending expansion, and strengthen its capital base. However, a QIP or FPO could lead to equity dilution for existing shareholders, though the government's 51% minimum holding limit is preserved. Near-term stock price sentiment may turn cautious until the mode and pricing of the issue are finalised.