Held on 20 February 2015
State Bank of Travancore announced that the Board of Directors of the Bank at its meeting held on 20 February 2015, have decided the following:
1. Issue Price: Rs. 400/- (Face value: Rs. 10/- and premium: Rs. 390/-)
2. Issue Size: Rs. 474.03 crore
3. Ratio: 1 equity shares for every 5 equity shares held as on Record date
4. No. of Shares to be issued: 1,18,50,694 equity shares
5. Shares outstanding post issue: 7,11,04,167 Equity shares
6. Fractional Entitlement: For Equity Shares being offered on a rights basis under this issue, if the shareholding of any of the Eligible Equity Shareholders is less than 5 Equity Shares or not in the multiple of 5, the fractional entitlement of such Eligible Equity Shareholders shall be ignored. Eligible Equity Shareholders whose fractional entitlements are being ignored would be given preferential consideration for the Allotment of one additional Equity Share each if they apply for additional Equity Shares over and above their Rights Entitlement, if any. Those Eligible Equity Shareholders holding less than 5 Equity Shares will therefore be entitled to zero equity Shares under this Issue and shall be despatched a CAF with zero entitlement. Such Eligible Equity Shareholders are entitled to apply for additional Equity Shares. However, they cannot renounce the same in favour of third parties. CAFs with zero entitlement will be non-negotiable/non-renounceable.
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