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A wholly owned subsidiary and the investment banking arm of State Bank of India
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Deals & Policies

Advisory Deals

  • Advisory for auction of Licence rights for Taj Mansingh hotel.
  • Transaction advisory to various states for auction of major and minor minerals.
  • Formulation of Mineral Auction Rules under MMDR Amendment Act
  • First-ever auction of 19 coal blocks for commercial use in India – to generate INR 33,000 crore of investment and 2.8 lakh jobs.

Capital Markets

SBICAP partners with the Government of India (GoI) in its fund-raising initiatives, helping enhance shareholder wealth for both the Government and investors. We have listed many CPSEs on the stock exchanges, enabling them to augment their capital while creating monetizing opportunities for the GoI. SBICAP has assisted the GoI in minority stake sales through the stock exchange route for compliance with minimum public shareholding norms. Key deals include:

  • Offer for Sale of Coal India, Hindustan Copper, Hindustan Aeronautics Limited, NMDC, and HUDCO.
  • Public Offers of Hindustan Aeronautics Limited, Bharat Dynamics Limited, Mishra Dhatu Nigam Limited, HUDCO, RITES, IRCON International Limited, IRCTC, IRFC and Railtel.

Strategic Disinvestment Deals

In line with the extant CPSE policy, the Government of India intends to consolidate its holdings in the strategic sectors and exit the non-strategic sectors. SBICAP has been at the forefront of strategic disinvestments, both, within the CPSE to CPSE segment, as well as sale of equity and transfer of management control to private hands.

  • Buy-side advisory to Chennai Port Trust for acquisition of entire GOI stake in Kamarajar Port Limited – transaction value INR 2,383 crore.
  • Buy-side advisory to a consortium of 4 port trusts led by the Vishakapatnam Port Trust for the acquisition of GoI stake in Dredging Corporation of India Limited. – transaction value INR 1,049.17 crore.
  • Buy-side advisory to NTPC for acquisition of GoI stake in NEEPCO – transaction value INR 4,000 crore.
  • Buy-side advisory to NTPC for acquisition of GoI stake in THDC India Limited – transaction value INR 7,500 crore.
  • Buy-side advisory to Oil India Limited for acquisition of BPCL stake in Numaligarh Refinery – transaction value INR 9,600 crore.
  • Buy-side advisory to ONGC for acquisition of GoI stake in HPCL – transaction value INR 36,000 crore.

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