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Post Rs 15,000-cr QIP, SBI's paid up capital rises to Rs 863 crore

Total proceeds of the issue will be used to augment capital adequacy ratio, other corp purposes

Press Trust of India  |  New Delhi 

Post Rs 15,000-cr QIP, SBI's paid up capital rises to Rs 863 crore

(SBI) on Monday said its paid up capital has increased to Rs 863 crore following the Rs 15,000 crore share sale through (QIP) route.

"Pursuant to the allotment of equity shares in the issue, the paid up equity share capital of the bank stands increased from Rs 810 crore to Rs 863 crore," said in a regulatory filing to stock exchanges.


The bank alloted 52.21 crore shares of face value of Re 1 at price of Rs 287.25 per share aggregating to Rs 14,999 crore to 61 eligible investors, it said.

had opened the share sale through on June 5.

The total proceeds of the issue will be used to augment its and for general corporate purposes, in accordance with applicable law, it had said earlier.

In 2014, raised Rs 8,032 crore by selling shares through (QIP), largely aided by the State-owned life insurer

The bank had sold 5.13 crore shares at an average price of Rs 1,565, which was the lower side of the price band it had set.

Post-equity allotment, the government stake came down to 58.6 per cent, from over 62 per cent.

First Published: Mon, June 12 2017. 20:55 IST
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