State Bank of India approves extension to raising of Rs. 15000 crores

The Committee of Directors, duly authorized by the Central Board of State Bank of India, at their meeting held on January 15, 2016 authorized the Bank to seek shareholders approval and to write to GOI and RBI seeking their approval under Section 5 (2) of the State Bank of India Act, 1955 for extending the period of approval for raising equity capital upto Rs.15,000 crores till March 31, 2017 by way of FPO / Rights issue / ESPS / ESOS / QIP / ADR / GDR or any other mode or a combination of these as may be decided at the opportune time or as may be approved by the GOI and RBI.

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.184.75 as compared to the previous close of Rs. 195.8. The total number of shares traded during the day was 3289601 in over 36005 trades.

The stock hit an intraday high of Rs. 198 and intraday low of 181.15. The net turnover during the day was Rs. 625356137.

Source : Equity Bulls

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