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State Bank of India allots rights shares kept in abeyance

01 Oct 2011 Evaluate

State Bank of India has informed that the executive committee of central board of the bank has approved allotment of 604 rights shares to eligible shareholders under the SEBI rights issue-2008. Allotment of aforesaid shares was kept in abeyance as the equity shares issued earlier, on which the rights were offered, were subject matter of title disputes/sub-judice and the same are allotted after resolution of the dispute.

The above information is part of the company’s filing submitted to the BSE

Peers
Company Name CMP
State Bank Of India 951.85
PNB 114.30
Bank Of Baroda 234.60
Canara Bank 118.70
Union Bank Of India 172.65
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