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SBI, BoB, IDBI and ICICI to acquire 53.63% stake in CCCL

08 Oct 2015 Evaluate

The country’s four major lenders -- State Bank of India, Bank of Baroda, IDBI Bank and ICICI – are planning to acquire 53.63% equity stake in Chennai-based Consolidated Construction Consortium (CCCL). Of total, SBI will have 26.53% stake, Bank of Baroda 11.61%, IDBI Bank 4.83% and ICICI Bank will have 10.66% shareholding in CCCL.

The lenders are exercising their option to convert the amount of Working Capital Term Loan (WCTL) and Funded Interest Term Loan (FITL) into equity shares for an amount not exceeding Rs 82,50,13,096 into fully paid up equity shares of the face value Rs 2 each, subject to requisite CDR/ statutory approvals, towards payment of part of their dues at a price of Rs 3.86 a share.

State Bank Of India Share Price

1018.05 -19.75 (-1.90%)
08-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1018.05
PNB 100.95
Bank Of Baroda 240.40
Canara Bank 121.10
Union Bank Of India 154.40
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