State Bank of India approves allotment of Equity Shares on Rights

The Executive Committee of Central Board of State Bank of India has approved the allotment of 9,720 equity shares (rights shares) of Re. 1/- each, (972 equity shares of Rs. 10/- each before split) to eligible shareholders under the SBI 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.

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.271.75 as compared to the previous close of Rs. 268.3. The total number of shares traded during the day was 786354 in over 9320 trades.

The stock hit an intraday high of Rs. 272.2 and intraday low of 268.25. The net turnover during the day was Rs. 212617958.

Source : Equity Bulls

Keywords