SBI Rights Issue May Open on 18th February 2008
The State Bank of India rights issue is likely open on 18th February 2008. Even though the market is experiencing the turbulence and primary market is bearing the losses, SBI – the country’s largest commercial bank would go ahead with the rights issue of Rs 16,700 crore as planned.
The rights issue offer is 1:5 – SBI is offering one share each of Rs 10 at a price of Rs 1590 per share for every five shares held. The rights issue may remain open for a month for subscription.
Read more about Rights issue here
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Comments
sir/madam I have applied for Right issue of SBI Shares and give the cheque of amount for Rs. 9540/- on 23.2.2008
But yet i have not recd. shares in my dp id.
my dp id is : IN300966
Client id : 10413038
client name : Pawan Kumar Jain
Cheq no: 702246 in favou of Unicon Securities Pvt. Ltd.
how to apply for this thru icici demat account and when is the probable date of end.