LIC increased its stake in SBI from 9.21% to 9.49% through participation in SBI’s record Rs 25,000 crore QIP. The offering saw overwhelming interest, receiving bids worth Rs 1.10 lakh crore from 120 institutional investors globally.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is