State Bank of India (SBI) top stories

• India’s Sterling and Wilson Solar preps Rp45bn listing

  

  Sterling and Wilson Solar, the solar power business of Indian conglomerate Shapoorji Pallonji Group, is eyeing a listing of up to Rp45bn ($648m), having filed a draft prospectus this week.

  • 17 Apr 2019

• Emami Group nabs $223.5m from share sale

  The controlling shareholders of India’s Emami Group sold a 10% stake in the company to pay off debt this week.

  • 19 Feb 2019

• BPCL follows India rule change with short bond

  Bharat Petroleum Corp (BPCL) took advantage of the new guidelines from India’s central bank to roll out a three year bond, opting for a maturity it was previously blocked from tapping.

  • 18 Jan 2019

• Looming election casts shadow over Indian dollar bond issuance

  Indian bond issuers have started 2019 with a bang, enjoying the benefits of an optimistic dollar debt market. But with a national election looming — and with no guarantees that credit markets will not take a turn for the worse — it will be far from plain sailing. Morgan Davis reports.

  • 17 Jan 2019

• IOC nabs ideal window for market return

  A rally in the debt market and Indian Oil Corp’s (IOC) scarcity value buoyed the company’s return to dollar bond investors for the first time since 2013, allowing it to add a chunky $900m to its coffers.

  • 11 Jan 2019

• SBI mandates five to lead record $2.8bn QIP

  State Bank of India has lined up five firms to run its Rp200bn ($2.75bn) equity fundraising, set to be the country’s largest share sale.

  • 11 Jan 2019

• SBI vies for shareholder nod on $2.8bn share sale

  State Bank of India has called on shareholders to wave through its plan for a Rp200bn ($2.75bn) equity fundraising, which would be the country's largest share sale.

  • 07 Nov 2018

• Government nets Rp53bn from Coal India sell-down

  The Indian government sold a 3.18% stake in Coal India on Thursday, adding Rp52.7bn ($722.9m) to its coffers.

  • 02 Nov 2018

• IFC-backed Polycab preps Indian IPO

  Wire and cable manufacturer Polycab India is planning an IPO of new and existing stock, as backer International Finance Corp looks to cash in part of its stake.

  • 01 Nov 2018

• Government mines for $2bn from Coal India share sale

  The Indian government has hit the market with a mammoth block sale of up to Rp148.6bn ($2bn) in Coal India, as the state looks to add some much-needed weight to its 2018/19 divestment target.

  • 31 Oct 2018