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A wholly owned subsidiary and the investment banking arm of State Bank of India
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As India’s investment bank of choice and reputed corporate advisory partner, we offer comprehensive services backed by three decades of industry experience. See what makes this possible.

We help clients access insightful advice, plan for growth, gain and deploy capital, and harness their full potential, so they can succeed in the constantly changing business world.

From unique initiatives for the Indian Government to landmark deals – see what’s the latest at SBICAP.

Our innovative solutions help clients address critical business questions. We’ve received recognition for our services, year after year, both domestically and at international forums.

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telecom

Telecom

SBICAP offers debt syndication and business advisory services as well as restructuring services for companies in the Telecom sector.

Connecting And Digitizing India

India is the world’s second-largest telecommunications market and also the second-largest in terms of internet subscribers, with 2,933.6 million total subscriptions in 2020. The Indian telecommunication services market is expected to reach $47.4 billion by 2025 at a CAGR of 9.5%, driven by higher dependence on long-distance communication including international connectivity, digitalization drives led by various government initiatives, higher adoption and acceptance of technology, greater demand for high-speed internet services due to the pandemic, and increased use of OTT platforms.

Our service offerings to the Telecom sector include Debt Syndication and Business Advisory Services and restructuring services to lenders of stressed assets in the sector.

  • For Mahanagar Telephone Nigam Limited, SBICAP provided debt syndication of INR 6300 crore.
  • For Mahanagar Telephone Nigam Limited, SBICAP acted as advisor for financial appraisal of debt funding of INR 500 crore to State Bank of India.
  • For Bharat Sanchar Nigam Limited, SBICAP provided debt syndication of INR 1,500 crore.
  • For Bharat Sanchar Nigam Limited, SBICAP undertook business advisory services on commercial, finance, banking, and investment decisions, along with assistance in handling regulatory matters.
  • For Reliance Communications Ltd, SBICAP provided CoC advisory for resolution of debt under the IBC.

Some Of The Clients We Have Worked With

Bharat Sanchar Nigam Limited

Mahanagar Telephone Nigam Limited

Reliance Jio Infocomm Limited

Railtel Corporation of India Limited

Select Transactions

Mahanagar Telephone Nigam Limited
Value: INR 4,361.4 Cr
Domestic Private Placement Deals
2020
Bharat Sanchar Nigam Limited
Value: INR 1,500 Cr
Debt Syndication
2019

Expertise across the value chain

SBICAP was the lead manager for one of India’s largest Telecom providers, having been instrumental in raising INR 25000 crore in one of India’s largest rights issuances. SBICAP maintains keen sectoral coverage across the entire Telecom value chain.

Some Of The Clients We Have Worked With

Railtel Corporation of India Limited

Vodafone Idea Limited

Select Transactions

RailTel Corporation of India Limited
Value: INR 819 Cr
IPO
2021
Vodafone Idea Limited
Value: INR 24,999.79 Cr
Rights Issue
2019

Solution providers of choice

SBICAP has advised and supported some of India’s leading telecom companies, including Bharat Sanchar Nigam Limited, Mahanagar Telephone Nigam Limited, and Reliance Jio Infocomm Limited. Owing to our market-leading abilities, we were appointed as advisor and arranger to the maiden Government of India Guaranteed Bond issue of Bharat Sanchar Nigam Limited for INR 8500 crore during FY’21.

Some Of The Clients We Have Worked With

Reliance Jio

TCFL

Mahangar Telephone Nigam Limited

Select Transactions

Mahanagar Telephone Nigam Limited
Value: INR 4,361.4 Cr
Domestic Private Placement Deals
2020
Reliance Jio
Value: INR 2,500 Cr
Domestic Private Placement Deal
2018

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