State Bank of India’s monumental ₹25,000-crore QIP witnessed overwhelming demand, exceeding four times the offered stock. Attracting bids worth ₹1.10 lakh crore from around 120 investors, including BlackRock and Marshall Wace, the sale underscores confidence in SBI’s growth prospects. The capital raise will bolster SBI’s CET 1 ratio, positioning it for future expansion.
Parag Parikh Flexi Cap and ICICI Pru Large Cap among 17 equity mutual funds that receive over Rs 1,000 crore inflow in November
A top-inflow equity flexi-cap fund that drew strong investor interest in November as part of broad robust net inflows into India’s equity mutual funds.