SBI rights issue likely on February 16-18: Finmin

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Press Trust of India Tags : Posted: Saturday , Feb 09, 2008 at 0013 hrs New Delhi: :

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SBI rights issue to raise over 16,000 crore is likely to open on February 16-18 and will invite subscription for one month, finance ministry sources said today. The government will subscribe to its over 59 per cent shares on the last day of the issue, the sources said. When asked whether the current volatility in the stock exchanges would affect the pricing of the issue, sources said the fluctuation would not impact the offer announced by the bank.

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