State Bank of India (SBI), the country's largest lender, has received around Rs.3,004 crore as capital infusion through allotment of 1,29,88,697 equity shares of Rs.10 each at a price of Rs.2,312.78 apiece to enable the bank to support its national and international banking operations.
In this connection, the shareholders of the bank in the Annual General Meeting held today approved the allotment of the above shares at the above issue price. The issue price is the floor price calculated as per SEBI (ICDR) Regulations 2009, as on the 'relevant date' of February 15, 2013.
Post issue, the shareholding of the government in SBI has increased to 42,62,41,140 shares (62.31 percent) from the existing 41,32,52,443 shares (61.58 percent). Consequently, the total shares of SBI have increased to 68,40,33,971 from 67,10,45,274.
At the BSE, State Bank of India closed Tuesday's trading at Rs.2,202.95, up 2.03 percent from the previous close.
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