Investors in SGB 2017-18 Series X earned a 225% return on premature redemption, receiving ₹9,630 per gram against the issue price of ₹2,961. The gain combines gold’s appreciation, tax-free profits, and strategic asset flexibility.
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
State Bank of India (SBI) on Monday said it has raised Rs 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth.
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