May 17, 2011

SBI may defer $4.5 bn rights share sale

State Bank of India, the country's largest lender, may have to defer a planned $4.5 billion rights share issue to the next financial year as a cash-starved government, its biggest shareholder, is unable to put in money.

The government was expected to inject up to Rs 15,000 crore ($3.3 billion) through the rights issue.

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