SocGen to invest more, double headcount
Business Line, THE HINDU, Bangalore - September 23, 2008

French financial services group Societe Generale said it would more than double the headcount at its Global Solution Centre in Bangalore and invest about €5 million to develop a new campus.

The turmoil in the financial markets has prompted many banks to cut operational costs, and has also given an added boost to Societe Generale’s goal to expand the Centre in India, said Mr Ramesh Kumar, Chief Executive, Societe Generale Global Solution Centre. more

SocGen’s future plans
  The Economic Times, Bangalore - March 19, 2008

Société Générale’s India plans appears to be unaffected by its recent trading losses in France. The bank is pushing ahead with its plans for a non-banking finance company in India and is understood to have got the clearance from FIPB. It is now awaiting RBI clearance. The bank has also decided to go ahead with its insurance joint venture with Indiabulls and will be filing its application with IRDA soon.

SocGen raises $8.44 billion to plug loss
  The Economic Times, Bangalore - March 12, 2008

Société Générale SA, seeking to restore its status as a top-tier bank after a massive trading scandal, and has raised $8.44 billion in new capital through a share offering.   more

SocGen`s euro 5.5bn rights issue subscribed 1.84 times
  Financial Times, Bangalore - March 12, 2008

France’s second-biggest bank said that its euro 5.5 billion rights issue to bolster its capital base, was 1.84 times subscribed. The success of this operation will allow Société Générale to continue its development in business and regions with high potential.    more

SocGen launches capital hike
  The Economic Times, Bangalore - February 12, 2008

Société Générale hopes to raise nearly $8 billion in a heavily discounted rights issue. The bank said it will offer new shares at € 47.50 ($68.94) in a rights issue, in which existing shareholders will get the first chance to buy the shares. The offering price for shareholders is almost 40% below SocGen’s Friday closing share price of € 77.72 ($112.80). Existing shareholders will be able to buy one new share for each four shares held.     more