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State Bank of Mysore strengthens on plan to raise Rs 500 crore through debt securities

01 Dec 2014 Evaluate

State Bank of Mysore is currently trading at Rs 556.20, up by 1.45 points or 0.26% from its previous closing of Rs. 554.75 on the BSE.

The scrip opened at Rs. 594.40 and has touched a high and low of Rs. 594.40 and Rs. 556.20 respectively. So far 152 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.40 on 11-Jun-2014 and a 52 week low of Rs. 368.00 on 18-Mar-2014.

Last one week high and low of the scrip stood at Rs. 580.85 and Rs. 545.00 respectively. The current market cap of the company is Rs. 2673.39 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 3.27% and 6.73% respectively.

State Bank of Mysore has decided to raise Basel Ill compliant Tier II Bond to the tune of Rs 500 crore, to be raised through private placement. The board of company at its meeting held on November 29, 2014 has approved for the same.

State Bank of Mysore is the first Karnataka-based bank with fully networked branches. The bank embarked upon the latest Banking Technology platform by implementing the Core Banking Solutions (CBS) across all its branches, with an objective of providing banking convenience to the customers.

Peers
Company Name CMP
SBI 1107.60
PNB 113.75
Canara Bank 142.70
Bank Of Baroda 280.85
Union Bank Of India 189.05
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