State Bank of India set to hire Six banks for up to Rs. 15,000 Crore share sale

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State Bank of India is set to hire Bank of America Merrill Lynch, Deutsche Bank, IIFL, JM Financial, Kotak and SBI Capital to deal with a share sale of up to Rs. 15,000 crore, IFR reported on Friday, citing two sources with knowledge of the plan.

A total 17 banks had offered to underwrite the so-called qualified institutional placement, for which SBI will pay a nominal expense of one rupee, IFR, a Thomson Reuters publication, announced.

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