Diwakar Gupta, CFO of SBI said the bank will go for its Rs 20,000-crore rights issue when market conditions turn favourable
Gupta also said that the lending major is engaged in continuous dialogue with the government regarding the rights issue.
On the banks financials, Gupta said, he expects provisioning of Rs 2,100 crore in the first quarter of FY12.
Source: CNBC-TV18
Showing posts with label rights issue. Show all posts
Showing posts with label rights issue. Show all posts
Wednesday, August 3, 2011
Wednesday, September 24, 2008
Tata Motors sets dates for $914 mn rights issue
Hong kONG: Tata Motors, India’s top vehicle maker, plans to open its Rs41.5 billion ($914 million) rights issue on 29 September, for shareholders on record as of 16 September, according to a term sheet obtained by Reuters.
The rights issue to ordinary and A-share stockholders will close on 20 October.
Tata has said that proceeds would be used to make an early repayment on some of the short-term funding of its $2.3 billion acquisition of Jaguar and Land Rover from Ford Motor Co. The $3 billion bridge loan expires in June 2009.
Among the banks involved in the offering are JM Financial, ICICI Securities, Citigroup and JPMorgan.
The rights issue to ordinary and A-share stockholders will close on 20 October.
Tata has said that proceeds would be used to make an early repayment on some of the short-term funding of its $2.3 billion acquisition of Jaguar and Land Rover from Ford Motor Co. The $3 billion bridge loan expires in June 2009.
Among the banks involved in the offering are JM Financial, ICICI Securities, Citigroup and JPMorgan.
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