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Provider: Wright Reports
Provider: IndiaNivesh Securities Pvt Ltd

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State Bank Of India announces issue and allotment of shares

Thursday, 2 Jan 2014 07:02am EST 

State Bank Of India:Says issuance and allotment of 1,12,18,685 equity shares, ranking pari-passu with the existing equity shares of the Bank in all respect, including dividend, at an issue price of 1782.74 Rupee per share face value 10 Rupee each, at a premium of 1772.74 Rupee, to the Government of India.Says allotment of Basel III compliant Tier 2 bonds of 2000 Rupee crores, issued for 120 months (10 year bullet), at an annually payable coupon of 9.69 pct, by way of private placement. 

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2.95 +0.91%
23 Jan 2015