Friday, January 18, 2008

SBI Central Board approves Rights Issue

SBI Central Board approves Rights Issue
Monday, January 14, 2008



State Bank of India (SBI) has informed that the Central Board of the Bank at its meeting held on January 14, 2008, has decided as under:

Ratio for Rights Issue: one share for every five shares held by the eligible shareholders as on the Record Date;

Price for Rights Issue: Rs 1590 per share (i.e. face value of Rs 10 each and a premium of Rs 1580 per share).

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