Tuesday , October 26 2021

SBI gains on getting nod to raise funds up to $2.5 billion during FY20

Mumbai : State Bank of India (SBI) is currently trading at Rs. 311.80, up by 1.10 points or 0.35% from its previous closing of Rs. 310.70 on the BSE. The scrip opened at Rs. 311.50 and has touched a high and low of Rs. 312.05 and Rs. 309.50 respectively. So far 100332 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 332.65 on 03-Apr-2019 and a 52 week low of Rs. 232.00 on 27-Apr-2018.

Last one week high and low of the scrip stood at Rs. 315.90 and Rs. 303.60 respectively. The current market cap of the company is Rs. 276885.33 crore. The promoters holding in the company stood at 57.92%, while Institutions and Non-Institutions held 34.40% and 7.68% respectively.

State Bank of India (SBI) has received an approval for long term fund raising in single/multiple tranches up to $2.5 billion through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2019-20. The Executive Committee of the Central Board in its meeting held on April 24, 2019, approved the same. SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

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