SBI Allots 149,200 Equity Shares from 2008 Rights Issue

Key Transaction Details

State Bank of India has received approval from the Executive Committee of the Central Board for the allotment of 1,49,200 equity shares of ₹1 each. These shares were previously kept in abeyance pertaining to the bank's Rights Issue from 2008.

Reason for Allotment

The allotment has been made possible due to the disposal of a court case that was pending before the Hon'ble High Court of Delhi. The resolution of this legal matter has allowed the bank to proceed with the allotment of these previously suspended shares.

Security Details

• Type of securities: Equity Shares
• Type of issuance: Rights Issue, 2008, kept in abeyance
• Total number of securities: 1,49,200 equity shares