State Bank of India — Important, 21-07-2025: Committee Meeting Updates

State Bank of India's Committee of Directors has approved the closure of its Qualified Institutions Placement (QIP) issue, following the receipt of applications and funds. The bank allocated 30.60 crore new equity shares to eligible institutional buyers at an issue price of ₹817.00 per share. This successful capital raise significantly strengthens the bank's balance sheet, providing crucial funds for its operational needs and future expansion. The Placement Document detailing the issue has been adopted and will be filed.