At meeting held on 26 March 2014
The Board of Directors of State Bank of Travancore at its meeting held on 26 March 2014, has declared an interim dividend of Rs 2.50 per share to its shareholders for the year 2013- 2014. The date of payment of interim dividend is fixed as the 22 April 2014.The Board of Directors has also approved to undertake preferential allotment not exceeding Rs 385 crores to State Bank of India for equity shares of face value of Rs 10 each along with share premium subject to receiving the shareholders' approval and any other required statutory approvals.
Further, the Board approved in principle for increasing the equity capital of the Bank by way of issue of new shares on rights basis including share premium not exceeding Rs 629 crores.
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