|
|
|
SBI gets shareholders' nod to raise Rs 20,000 crore
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 08 Dec, 2018
Lending major State Bank of India (SBI) on Friday said it has received shareholders' approval to raise up to Rs 20,000 crore.
According
to the SBI, the approval for its proposal to "create, offer, issue and
allot such number of equity shares of Re 1 for an amount not exceeding
Rs 20,000 crore ..." was given at a general meeting of shareholders held
here.
The proposal is subject to the condition that the
Government of lndia shareholding in equity share capital of the bank
does not fall below 52 per cent at any point of time.
As per a
BSE regulatory filing by the bank, the amount can be raised by the way
of public issue or private placement, including Qualified Institutions
Placement (OIP), Global Depository Receipt (GDRs), American Depository
Receipt (ADRs) "and or any other mode(s) or a combination(s) thereof, as
may be decided by the Board".
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|