STATE BANK OF INDIA - Preferential Issue of equity shares to Government of India (GOI)
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| 13 Mar 2015 | |
| State Bank of India has informed BSE that the Executive Committee of Central Board (EGOS) of the Bank, in its meeting held on March 13, 2015, has accorded its approval to fix the Issue Price at Rs. 295.59 (Rupees Two hundred ninety five, and paise fifty nine only) per share of face value of Re.1/-, including a premium of Rs. 294.59 per share, and accordingly, to issue 10,04,77,012 equity shares, ranking pari-passu with the existing equity shares of the Bank in all respects, on preferential basis to GoI, for a consideration of Rs. 2969,99,99,977.08 (Rupees Two thousand nine hundred sixty nine crores ninety nine lacs ninety nine thousand nine hundred seventy seven and paise eight only), subject to the approval of Government of India U/s 5(2) of the State Bank of India Act and shareholders of the Bank in terms of the SEBI ICDR Regulations.<BR><BR>The price for preferential issue has been arrived at in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, taking into consideration February 20, 2015 as the relevant date. | |
| View all announcements for STATE BANK OF INDIA | Source: BSE India |
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