HomeNews News SBI approves plan to raise up to Rs 15,000 cr in capital SBI approves plan to raise up to Rs 15,000 cr in capital

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SBI approves plan to raise up to Rs 15,000 cr in capital

SBI approves plan to raise up to Rs 15,000 cr in capital

Wednesday, March 15, 2017, 9:47 PM

The central board of SBI approved raising of equity capital up to Rs 15,000 crore during the financial year 2017-18.The funds would be issued by way of Follow-on Public Offer (FPO) or rights issue or qualified institutional placement (QIP) or American Depository Receipt (ADR) or Global Depository Receipt (GDR) or employee stock options, SBI said in a filing to the BSE.
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