State Bank of India allots 196559390 shares to Government of India

The Committee of Directors of State Bank of India 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 (Rupees Two hundred seventy four and paise thirty seven only) per share of face value of Re.1/- each, including a premium of Rs.273.37 (Rupees Two hundred seventy three and paise thirty seven only) per share for a consideration of Rs. 5392,99,99,834.30 (Rupees Five thousand three hundred ninety two crores ninety nine lacs ninety nine thousand eight hundred thirty four and paise thirty only).

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.237.25 as compared to the previous close of Rs. 242. The total number of shares traded during the day was 1744128 in over 20541 trades.

The stock hit an intraday high of Rs. 246.5 and intraday low of 236. The net turnover during the day was Rs. 417014256.

Source : Equity Bulls

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