State Bank of India allots equity shares to GoI against infusion of Rs 5680.99 crore

On 20 January 2017

State Bank of India announced that the Committee of Directors for Capital Raising considered and accorded approval on 20 January 2017 by circulation to allot 21,07,27,400 equity shares, ranking pari-passu with the existing equity shares of the Bank in all respects, including payment of dividend, if any, on preferential basis to Government of India, at an issue price of Rs.269.59 (Rupees two hundred sixty nine and paise fifty nine only) per share of face value of Rupee.1/- each, including a premium of Rs.268.59 (Rupees two hundred sixty eight and paise fifty nine only) per share for a consideration of Rs. 5680,99,99,766.00 (Rupees Five thousand six hundred eighty crore ninety nine lac ninety nine thousand seven hundred sixty six only).

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