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Preferential shares News

28 Dec 2021

Sebi decides changes to preferential allotment norms on pricing

For infrequently traded security, Sebi said a valuation report by a registered independent valuer will be required. At present, the pricing formula in a preferential allotment is the VWAP of the last two weeks or the last 26 weeks, whichever is higher. Further, the voting pattern of the committee should also be disclosed to shareholders or the public.

Godrej Properties

08 Jun 2018

Godrej Properties raises Rs 1,000 crore from GIC-managed firm

Godrej Properties, the real estate arm of Godrej group, is currently developing residential, commercial and township projects spread across 151 million square feet in 12 cities.

State Bank of India

19 Jan 2017

Govt to infuse Rs 1,894 crore capital in State Bank of India

The government, which is infusing Rs 1,894 crore capital into State Bank of India, has asked the country's largest lender to take necessary regulatory approvals for the fund infusion.

State Bank of India

25 Nov 2016

SBI to raise Rs 5,681 cr from preferential issue to govt

State Bank of India on Friday said it will raise Rs 5,681 crore by issuance of preferential shares to the central government, its majority shareholder.

28 Mar 2016

Syndicate Bank to raise Rs 217 crore by share sale to LIC

Public sector lender Syndicate Bank will raise over Rs 217 crore by allotting preferential shares to LIC to shore up capital to meet Basel III norms.

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