State Bank of India has informed that the Committee of Directors for Capital Raising in its meeting held on September 29, 2015 considered and accorded approval to allot 19,65,59,390 equity shares, ranking pari-passu with the existing equity shares of the Bank in all respects, including payment of dividend, on preferential basis to Government of India, at an issue price of Rs.274.37 per share of face value of Re 1 each, including a premium of Rs.273.37 per share for a consideration of Rs. 5392,99,99,834.30.
The above information is a part of company’s filings submitted to BSE.
