State Bank of India (SBI) has announced the allotment of 1,49,200 equity shares, each with a face value of ₹1/-. This decision was made by the Executive Committee of the Central Board. The shares were previously held in abeyance concerning the Rights Issue of 2008 and have now been allotted following the resolution of a court case.
Equity Share Allotment Approved
Pursuant to applicable regulations, State Bank of India (SBI) has informed that its Executive Committee of the Central Board has approved the allotment of 1,49,200 equity shares. Each share has a face value of ₹1/-.
Resolution of Past Rights Issue
These shares were previously kept in abeyance in connection with the Rights Issue of 2008. The allotment has now been made following the disposal of a court case that was pending before the Hon’ble High Court of Delhi. The total value for which the securities will be issued is approximately ₹1,49,200.
Source: BSE
