State Bank of India has informed that the Committee of Directors for Capital Raising at its meeting held on August 24, 2016 authorized the Bank to raise up to Rs 11,100 crore Additional Tier 1 capital, by way of issue of Basel III compliant Perpetual Debt instrument in USD and/or INR, at par, through private placement to overseas and/or Indian investors, in such number of tranche(s), at such time(s) as may be considered appropriate and on such coupon(s) as may be decided at the time of actual issuance.
The above information is a part of company’s filings submitted to BSE.
