State Bank Of India
13.05 (1.23%) SBI shines on getting approval to raise $1.25 billion on private placement basis
Date: 13-12-2018State Bank Of India is currently trading at Rs. 290.35, up by 5.10 points or 1.79% from its previous closing of Rs. 285.25 on the BSE.
The scrip opened at Rs. 289.60 and has touched a high and low of Rs. 294.05 and Rs. 289.10 respectively. So far 661672 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 334.80 on 25-Jan-2018 and a 52 week low of Rs. 232.00 on 27-Apr-2018.
Last one week high and low of the scrip stood at Rs. 294.05 and Rs. 261.10 respectively. The current market cap of the company is Rs. 259393.14 crore.
The promoters holding in the company stood at 58.51%, while Institutions and Non-Institutions held 34.00% and 7.49% respectively.
State Bank of India (SBI) has received approval to raise long term fund in single/multiple tranches up to $1.25 billion through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during January to March 2019. The Executive Committee of the Central Board at its meeting held on December 12, 2018 has approved the same.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.