State Bank of India Rights Issue : SBI Rights Issue
State Bank of India Rights Issue : SBI Rights Issue
SBI has said it is exploring three to four options to raise funds, including a rights issue, a public offer and preferential share sale.
But Rights issue of SBI is the most possible outcome as govt stake can be maintained and infact chance to increase the stake too.
The finance minister too said on Wednesday there was a strong case for a rights issue by the country’s top lender, state-run State Bank of India (SBI).
Expect SBI Rights isssue in early 2008.
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The share price has dropped to 1600 today. Will the govt going to subscribe?