EPIC UPDATE : STATE BANK OF INDIA

State Bank of India (SBI), the country’s largest public sector bank has received its shareholders’ approval for the preferential issue of equity shares of Rs 10 each to the Government of India up to Rs 2,000 crore (including premium). The shareholders have also approved a resolution allowing the creating, offering, issuing, allotting by way of QIP/FPO/ or any other mode, such number of equity shares as may be approved by the Central Government and RBI, up to Rs 11,500 crore.

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