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SBI Reports Increased Paid up Capital at Rs. 863 cr
June 15, 2017
Public sector State Bank of India said that its paid-up capital has increased to Rs. 863 crore after the Rs. 15,000 crore sale through the QIP route.
After the sale of equity shares in the issue, the paid-up equity share of the Bank has increased to Rs. 863 crore from Rs. 810 crore, the lender said in a regulatory filing.
SBI had allotted 52 crore shares at the price of Rs. 287.25 each to 61 investors through a share sale on June 5, thus raising Rs. 14,999 crore in total.
