MoneyWorks4Me

State Bank of India to launch Rs 200 billion rights issue in H2

10 Jun 2010 Evaluate

State Bank of India (SBI), the country's largest lender, expects to launch a Rs 200 billion ($4.2 billion) rights issue in the second half of 2010-11. The government's share in the state-run bank's rights issue is likely to be 60%.

 

It is still at the conversation stage, so that's why if it comes up it will be towards the end of the financial year. State Bank also plans to raise Rs 1 billion to Rs 2 billion in the domestic retail bond market in the first half of 2010-11.

 

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Peers
Company Name CMP
State Bank Of India 956.00
PNB 114.20
Bank Of Baroda 234.35
Canara Bank 119.55
Union Bank Of India 172.65
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