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Preferential issue News

Bank of Maharasthra

28 Jun 2019

Bank of Maharasthra to raise up to Rs 3,000 crore equity capital

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.

State Bank of India

19 Nov 2016

SBI proposes to raise Rs 5,681 crore from preferential issue to government

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.

United Bank of India

10 Feb 2015

United Bank proposes Rs 1,000 crore preferential issue

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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