State Bank of India's shares rise as much as 1.98 pct to highest in two weeks.
Top Indian lender's share sale to institutional investors to raise as much as $2.33 billion fully covered within hours of launch on Monday, sources told Reuters.
SBI selling new shares in a price range of 275.76 rupees ($4.29) to 287.25 rupees a share in the country's biggest ever qualified institutional placement (QIP).
Shares trading at 291.40 rupees as of 0349 GMT.
($1 = 64.3300 Indian rupees)
