Proposed SBI Rights issue got the cabinet nod for an esitmated 16000 crore for rights issue. SBI is leading Public sector bank of India and the bank likes to raise funds for meeting the strong credit demand. SBI has been waiting for this approval from long term to raise funds and the cabinets nod to the issue is a major boost to the banks expansion plans. Ratio of SBI Rights issue and the SBI Rights issue record date will be announced later after the meeting of the board. More updates regarding the State Bank of India Rights issue will be updated here.
Entries Tagged 'Rights Issue' ↓
SBI Rights Issue Gets Cabinet Approval
December 3rd, 2007 — Rights Issue
HOEC moves up on Rights Issue
November 28th, 2007 — Rights Issue
Hindustan Oil Exploration Company, HOEC moves up smartly today based on the nearing Rights issue record date. Previously the company has annouced Book closure dates from 22 Nov, 2007 to 03 Dec, 2007 for determining the eligible share holders for the purpose of Rights issue.
HOEC Rights issue opens from 7th December and plans to raise 615 crore from the Rights Issue with price fixed as Rs 117 per share  and ratio of rights allotment is 2:3 (2 new rights shares alloted for every 3 equity shares held by the members).
Sadhana Nitrochem Rights Issue under consideration
November 26th, 2007 — Rights Issue
Sadhan Nitrochem Rights issue will be considered by the Board members in their upcoming meeting on 07 December, 2007 to increase the authorised share capital of the company and further to consider the issue of shares through rights offer.
Stock Price of Sadhan Nitro Chem Limited closed today at Rs.58.20 up 2.11 per cent on the BSE.
Khaitan Weaving Rights Issue to open on 28th Dec 2007
November 24th, 2007 — Rights Issue
Khaitan Weaving Mills Rights issue has been approved by the board at their meeting held yesterday and the members have fixed the Record date for the rights issue as 14th December, 2007. In an annoucment made to the stock exchanges previously the company has informed that the Right issue ratio is 6:1 ( 6 rights shares for every one equity share held by the share holders) and the Rights issue will open on 28th Dec, 2007 and will close on 28th Jan, 2008. 44,10,000 Equity shares of Rs 10/- each for cash at par will be issued under the issue.
Stock Prices of Khaitan Weaving Mills closed at Rs. 293.44 up 4.99% on the BSE.
Godrej Consumer Products Rights issue to be decided on Nov 23
November 15th, 2007 — Rights Issue
Godrej Consumer Products Limited Rights issue will be considered by the board in their upcoming meeting. In an announcement made by the company to the stock exchanges, the company has informed that the Board members will consider the rights issue on November 23, 2007.
Further information regarding the Godrej Consumer rights issue price, ratio and the issue date will be decided later by the board members.
Horizon Battery Technologies – Rights Issue Approved
October 31st, 2007 — Indian-Stock-Markets, Rights Issue
Horizon Battery Technologies in an annoucement made to the National Stock Exchange has informed that the Board has approved the Rights Issue.
Horizon Battery Technologies will raise funds up to Rs 60 crore by way issue of further equity shares in the form of Rights issue with or without warrant.
Maral Overseas Rights Issue
October 31st, 2007 — Indian-Stock-Markets, Rights Issue
The board members of Maral Overseas Limited in their board meeting has approved the Rights issue.
Maral Overseas will issue the equity shares of the Rights Issue through the Book Building Route. The Rights issue price band is Rs 18 to Rs 21 and the Rights issue ratio is 1:2.
The company’s share holders will get 1 share under the rights issue for every 2 equity shares held by them as on the Record date of the Rights issue.