Oct 18, 2010

SBI Plans Rights Issue of Rs. 20000 Cr

The country's largest lender State Bank of India on Wednesday said it is planning to mop up Rs 20,000 Cr (Rs 200 billion) through a rights issue along with another Rs 200 Cr (Rs 2 billion) from bonds this fiscal to fund business growth.
Last time, when SBI had come with Rights issue at Rs.1700, Its share price has not fallen beyond that.

No comments: