SBI Capital to come up with 20 issues in next 3-4 months

SBI-CapitalSBI's investment banking unit, SBI Capital Markets, said on Tuesday that it is going to start as many as 20 new issues in the next 3-4 months period. The information was given by the CEO of the firm.

The issues are a step forward, by the bank, in the direction of playing a greater role in the mergers and acquisitions that are happening and are expected to happen. During this year, it wants to capitalize on the banking platform built by its parent company.

Talking about this, the Managing Director and CEO of the company, S. Vishvanathan informed Reuters that SBI Capital has been quiet for almost the whole of last year. And now that the potential is coming back, it would want to grab it. And that is why such a huge line-up.

SBI Capital was having only five major equity issue last year. The total money involved in it was $3.1 billion. It also included NHPC Ltd and Adani Power. While the first one was for $1.25 billion, the Adani issue was for $630 million.

And now, it is waiting patiently for the disinvestment process to become hotter so that it is able to grab some big clients in that.