SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Syndicate Bank surges on plan to raise Rs 200 crore via issue of preference share

05 Dec 2013 Evaluate

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.

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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×