[Latest News][6]

Best Stock Advisory Company in Indore
Commodity Market Tips
Commodity Tips
Gold
Indian Stock Market Tips
Market
MCX Tips
NCDEX tips
Nifty Future Tips
NSE BSE
NSE BSE stock
NSE BSE stock Market
Share Market Tips
Silver
Stock Market Tips

SBI to raise Rs 15,000 cr equity capital next fiscal

Country's largest lender SBI will tap capital markets to raise Rs 15,000 crore in the next fiscal by way of institutional placement, rights issue or FPO. The central board of State Bank of India (SBI) at its meeting today approved raising of equity capital up to Rs 15,000 crore during the fiscal year 2017-18. The funds would be issued by way of Follow-on Public Offer (FPO) or rights issue or qualified institutional placement (QIP) or American Depository Receipt (ADR) or Global Depository Receipt (GDR) or employee, SBI said in a filing to the BSE. The mode of fund raising would be decided at the "opportune time" subject to approval of the government and the RBI, it added.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Start typing and press Enter to search