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Friday, February 24, 2012

SBI plans to raise Rs 7,900 cr through preferential issue to Centre

State Bank of India is looking to raise around Rs 7,900 crore through preferential issue of shares to the Government of India, the bank said in an announcement on the BSE.

The bank has fixed the issue price at Rs 2,191.69 per share, for the preferential issue. This includes a face value of Rs 10 per share and a premium of Rs 2181.69 per share.


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