Diabytes
Preferential issue News
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A resolution was passed by shareholders for raising of equity capital by follow on public offer/rights issue/qualified institutional placement/preferential issue, aggregating to Rs 3,000 crore including share premium, the bank said in a regulatory filing.
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State Bank of India on Saturday said it proposes to raise Rs 5,681 crore by issuance of preferential shares to the central government, its majority shareholder.
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State-owned United Bank of India today proposed a Rs 1,000-crore preferential issue to the government to meet its capital requirement and growth needs.
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