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State Bank of India's Committee of Directors has greenlit the launch of its Qualified Institutions Placement (QIP). The Floor Price for this equity share issue has been set at ₹811.05 per share, with the potential for a discount of up to 5%. The preliminary placement document is finalized and will be submitted to stock exchanges. The final issue price will be determined in consultation with the Book Running Lead Managers. This move is significant for the bank's capital raising efforts. For compliance, the trading window for Designated Persons remains closed.