LIC invests ₹5,000cr in SBI's ₹25k cr QIP

MUMBAI: SBI said that its Rs 25,000-crore qualified institutional placement was subscribed 4.5 times with two-thirds bids (64.3%) coming from global investors, who were allotted one-third of the issue.

Domestic investors, led by LIC, got two-thirds. LIC's stake in SBI has risen by 28 percentage points to 9.21% after the QIP, indicating it invested Rs 5,000 crore.