Rights Issue21 Aug 2026, 06:50 pm
SBI Allots 1,49,200 Equity Shares Held in Abeyance Since 2008
AI Summary
State Bank of India (SBI) has announced the allotment of 1,49,200 equity shares of ₹1 each. These shares were previously kept in abeyance pertaining to the Rights Issue of 2008. The allotment has now been completed following the disposal of a court case pending before the Hon’ble High Court of Delhi. This action resolves a long-standing matter and completes the issuance of shares related to the 2008 rights offering.
Key Highlights
- SBI allots 1,49,200 equity shares, resolving a 2008 rights issue matter.
- Allotment was pending due to a court case, now successfully concluded.
- Shares are ₹1 each, with the allotment approved by the Executive Committee.
- This action brings closure to a historical issuance.
Price Impact
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