State Bank of India, country's largest public sector lender has received a capital infusion of Rs 3,004 crore from the Government of India. The bank is expected to use this fund in order to support its national and international banking operations. The bank has received this contribution of central government in the preferential allotment of 1,29,88,697 equity shares.
With this deal governments holding in the bank has increased from the existing 41,32,52,443 shares (61.58%) to 42,62,41,140 shares (62.31%). Consequently, the total shares of SBI have increased from 67,10,45,274 to post-issue status of 68,40,33,971 shares.
