State Bank of India Rights Issue opened today for subscription and the bank has fixed 4th, February 2008 as the Record Date for the Rights issue. State Bank of India Rights issue will raise over Rs.16,736 crore from the eligible share holders and the Government of India. SBI Rights issue price has been fixed at Rs. 1590 per share and the Rights issue ratio will be 1:5 ( One Rights share for every 5 equity shares held). This is the first rights issue by SBI a public sector bank in India, in which the government of India holds 59.73 per cent and the retail investors hold 5.96 per cent. Through the rights issue retail investors can acquire additional shares at a price that is normally lower than the current market price.Shares of State Bank of India are currently trading at Rs 2,278 and investors can definitely invest in the rights issue of SBI as the bank is poised to deliver good numbers in the coming quarters. Do check back for more updates on SBI Rights Issue.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
1 comment so far ↓
i have 50shares of SBI bank at the ipo allotment time .sbi has given several times bonus share but we haven’t get any information about bonus share against our allotment
Leave a Comment