SBI to issue 29.25 crore equity shares to GoI

At Issue Price of Rs 300.82 per share

The Committee of Directors for Capital Raising of the State Bank of India at its meeting held on 16 February 2018 has accorded its approval to -

Fix the Issue Price at Rs 300.82 (including a premium of Rs 299.82) per share and

issue of 29,25,33,741 equity shares, on preferential basis to GoI for consideration of Rs 8799.99 crore, subject to the approval of RBI and GoI.

The price of preferential issue has been arrived at in accordance with the SEBI Regulation 2009, taking into consideration the 12 February 2016 as the relevant date.

 

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