Syndicate Bank is currently trading at Rs. 89.40, up by 1.65 points or 1.88% from its previous closing of Rs. 87.75 on the BSE.
The scrip opened at Rs. 88.70 and has touched a high and low of Rs. 91.00 and Rs. 88.70 respectively. So far 146268 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. 61.05 on 20-Aug-2013.
Last one week high and low of the scrip stood at Rs. 91.00 and Rs. 83.60 respectively. The current market cap of the company is Rs. 5372.40 crore.
The promoters holding in the company stood at 66.17% while Institutions and Non-Institutions held 20.49% and 13.34% respectively.
Public sector lender Syndicate Bank is planning to raise Rs 200 crore by issuing preferential shares to government of India. In this regard, the bank has constituted a committee of directors to create, offer, issue and allot equity shares for cash at a price to be determined in accordance with Regulation 76 (1) of Sebi ICDR Regulations.
The committee will also take steps to convene an extraordinary general meeting of shareholders for obtaining their consent for the proposed issue of preferential shares.
Earlier, the company received board’s approval for issue of equity shares of the bank with a face alue of Rs 10 each aggregating Rs 200 crore.
