As per the draft letter of offer filed with SEBI, State Bank of Mysore will raise Rs.600 crore from rights issue to augment its capital base. Under the offer, more equity will be offered to the existing shareholders. State Bank of India holds over 92% equity in State Bank of Mysore.
Source: http://www.business-standard.com/india/news/state-bankmysore-to-raise-rs-600-cr-via-rights/81940/on
STATE BANK OF MYSORE TO RAISE RS.600 CRORE VIA RIGHTS
Labels: BANKING N FINANCE
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