State Bank of India shares climbed on $2.3 billion share sale.
The stock rose as much as 1.98 per cent to highest in two weeks.
The country's top lender's share sale to institutional investors to raise as much as $2.33 billion fully covered within hours of launch on Monday, sources told Reuters.
SBI is selling new shares in a price range of Rs 275.76 ($4.29) to Rs 287.25 a share in the country's biggest-ever qualified institutional placement (QIP).
The shares were trading at Rs 291.40 as of 0349 GMT ($1 = 64.3300 Indian.upees)
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.