SOURCE : NEW18 NEWS
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Last Updated:April 29, 2025, 17:16 IST
State Bank of India (SBI) may raise funds through equity for FY 2025-26. The SBI board will consider this proposal in a meeting on May 3, 2025, in Mumbai.
SBI may bring FPO to raise funds.
SBI FPO: Indian lender State Bank of India (SBI) may raise funds through equity for the financial year 2025-26 by way of Follow-on
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Public offer (FPO)/Rights issue/Qualified Institutional Placement (QIP) and any other mode or combination of these. SBI board will consider the fund raising proposal in the meeting on Saturday, May 3, 2025.
SBI in the filing said “a meeting of the Board of Directors of the Bank is scheduled on Saturday, 3rd May 2025 at Mumbai, inter-alia, to consider the financial results of the Bank for the quarter and year
ended 31.03.2025.
The board will also consider the financial results of the Bank for the quarter and year ended 31.03.2025 on May 03. Moreover, the proposal of declaration of dividend for FY2024-25 will be considered during the meeting.
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