Syndicate Bank is currently trading at Rs. 29.50, up by 0.15 points or 0.51% from its previous closing of Rs. 29.35 on the BSE.
The scrip opened at Rs. 29.50 and has touched a high and low of Rs. 29.85 and Rs. 29.05 respectively. So far 24017 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.60 on 02-Apr-2019 and a 52 week low of Rs. 23.00 on 15-Oct-2019.
Last one week high and low of the scrip stood at Rs. 31.60 and Rs. 25.70 respectively. The current market cap of the company is Rs. 7916.98 crore.
The promoters holding in the company stood at 78.48%, while Institutions and Non-Institutions held 10.05% and 11.47% respectively.
Syndicate Bank has received a communication from Government of India, Ministry of Finance Department of Financial Services stating that the Alternative Mechanism (AM) has accorded in-principle approval to proposed amalgamation of Syndicate Bank into Canara Bank with Canara Bank as the transferee bank and Syndicate Bank as the transferor bank.
Syndicate Bank is one of the oldest and major commercial banks of India.
