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State Bank of Travancore to allot 1,18,50,694 equity shares on rights basis

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Capital Market
Last Updated : Apr 15 2015 | 2:47 PM IST

Aggregating Rs 474.03 crore

State Bank of Travancore announced that the Committee of Directors at its meeting held on 13 April 2015 has approved the allotment of 1,18,50,694 equity shares with face of Rs. 10 each ( "Rights Equity Shares") for cash at a price of Rs. 400 including a premium of Rs. 390 per equity share aggregating to Rs. 474.03 crore to the eligible applicants of the Rights Issue as per the Basis of allotment approved by the Designated Stock Exchange.

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First Published: Apr 15 2015 | 1:17 PM IST

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