The Committee of its Meeting Directors held on Monday approved the closing issue followed by Espicifificificificificificificificificificificificificificificificificificificificificificificificificificificificificificificificificificificificificificificified forms
The meeting also approves 30,59,97,552 parts equity share in the amount of Rs 817 each, including a premium value of Rs 816 each, it says.
The panel has also been completed in the allocation of shot to be sent to qualified Qibs, which distorts these parts of equity parts following the issue.
In a separate submission, LIFE INSURANCE CORPORATION IN INDIA (Lic) said it increases SBI equity share shareholding from 81,46,59,59,39 per cent of 14.49 percent of bank capital.
It is made by QIP, and the part can be credited on July 23, 2025. The SBI’s private placement of the SBI. The SBI was last raised to Rs 15,000 crore in 2017-18 by QIP route.
Besides, the lender announced that it receives a board approval to increase 20,000 crore by additional Tier 1 and Tier 2 bonds to FY26.
For the entire financial year, SBI reported 16 percent increase in gain of Rs 70,901 crore last year.
The bank’s board declares a division of Rs 15.90 per equity fairity for FY25.
