"SBI initiated open offer e-auction towards sale of fund based exposure of KSK Mahanadi Power Co. Ltd on 100 per cent cash basis on April 20, 2022 for a reserve price of Rs 1,544.08 crore," SBI said in a regualtory filing on Thursday.

​​The release also stated that the researchers are of the view that instead of a big bang approach, a gradual approach as announced by the government would result in better outcomes.