Last checked at 21 Jan 2013 07:00
The Executive Director
The BSE Ltd. 19.01.2013
Phiroze Jeejeebhoy Tower,
25th Floor, Dalal Street, CC/S&B/VKJ/2167
Mumbai - 400001
Dear Sir/Madam,
LISTING AGREEMENT: CLAUSE 36:
INFUSION OF CAPITAL IN THE BANK BY THE GOVERNMENT OF INDIA (GOI) THROUGH PREFERENTIAL ALLOTMENT OF EQUITY SHARES IN FAVOUR OF GOI
In terms of Clause 36 of the Listing Agreement, we advise that the Central Board of the Bank, in its Meeting held on 19.01.2013, has approved infusion of Capital funds in the Bank by the GoI, to the tune of Rs.3004 crore during FY 2012-13, by way of Preferential Allotment of equity shares to the GoI, to enable the Bank to support national and international banking operation undertaken through its Subsidiaries and Associates.
2. In this connection, the Bank is seeking necessary approvals from RBI and GoI under section 5(2) of the State Bank of India Act to increase its issued capital. We note to advise the Stock Exchanges on receipt of such approvals.
Yours faithfully,
… sd …
General Manager