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Syndicate Bank shines on getting nod to raise Rs 1,500 crore equity capital

12 Feb 2013 Evaluate

Syndicate Bank is currently trading at Rs. 129.00, up by 0.55 points or 0.43% from its previous closing of Rs. 128.45 on the BSE.

The scrip opened at Rs. 130.00 and has touched a high and low of Rs. 130.65 and Rs. 127.90 respectively. So far 37003 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.20 on 15-Jan-2013 and a 52 week low of Rs. 84.05 on 23-May-2012.

Last one week high and low of the scrip stood at Rs. 133.40 and Rs. 126.40 respectively. The current market cap of the company is Rs. 7738.07 crore.

The promoters holding in the company stood at 66.17% while Institutions and Non-Institutions held 22.23% and 11.61% respectively. 

Syndicate Bank has received nod from its board for the proposal to raise Rs 1,500 crore equity capital from the market and Rs 2,000 crore via tier-II bonds. It has also applied to the RBI and the Government for approval.

The bank has also reduced the base rate and the benchmark prime lending rate (BPLR) by 25 basis points (bps) with effect from February 13, 2013. The new base rate now stands at 10.25% per annum compared to 10.50% per annum earlier while BPLR now stands decreased from 14.50% per annum to 14.75% per annum.

Synd.Bank-Amalgamat Share Price

23.40 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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