The State Bank of India (SBI) has got the shareholders’ approval for a preferential issue of equity shares to the government for up to Rs 5,681 crore.

The bank has received the approval to raise up to Rs 15,000 crore through public or private placement.

According to a release by the bank, the issue price has been fixed at Rs 269.59 per share.

Read EquityPandit’s BankNifty Outlook for this week