State Bank of India (SBI) on Tuesday said its shareholders have approved Rs.7,900-crore capital infusion by the government.

The shareholders of the bank at the general meeting held on March 19, have passed a special resolution approving preferential allotment of equity shares to the government for a consideration of Rs.7,900 crore, SBI said in a filing to the BSE.

SBI would allot over 3.60 crore shares at an issue price of Rs.2,191.69 a share to the government, it added.

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