State Bank of India is looking to raise around Rs 7,900 crore through preferential issue of shares to the Government of India, the bank said in an announcement on the BSE.
The bank has fixed the issue price at Rs 2,191.69 per share, for the preferential issue. This includes a face value of Rs 10 per share and a premium of Rs 2181.69 per share.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.