State Bank of India buys nearly 40% of Reliance's $1.35 billion debt sale

By Khushi Malhotra and Dharamraj DhutiaState Bank of India NSE:SBIN, the country's largest lender, led the demand for Reliance Industries' NSE:RELIANCE1! 130-billion-rupee ($1.35 billion) 10-year debt sale completed on Wednesday, according to five sources familiar with the transaction.The state-run…