Warning: Creating default object from empty value in /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/settings.php on line 122

Warning: Creating default object from empty value in /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/settings.php on line 139

Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/settings.php:122) in /home/stockmarketindia/stockmarketindia/wp-content/plugins/chap-secure-login/chapsecurelogin.php on line 30

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/settings.php:122) in /home/stockmarketindia/stockmarketindia/wp-content/plugins/chap-secure-login/chapsecurelogin.php on line 30
SBI Rights Issue
Warning: Creating default object from empty value in /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/output.php on line 26

For *Everyday* Free updates on Buy Calls, Stock Splits, Bonus, Rights Issues & IPO:

  



SBI Rights Issue



State Bank India (SBI) today said its rights issue proposal is on course and it could happen in another 2-3 months. The country’s largest bank submitted proposal a a couple of months of ago to raise Rs 20,000 crore through a rights issue. SBI requires Rs 20,000 crore to fund its growth plans over the next two fiscals.

The government has a 59.4% stake in the bank. In case a rights issue is approved and the government would need to subscribe 59.4% of the total rights being issued to maintain its holding at the current level.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*




If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments

No comments yet.

Leave a comment

(required)

(required)