State Bank of India to raise $1500 million

The Executive Committee of the Central Board of State Bank of India in its meeting held on June 29, 2016, has approved the proposal to raise long term funds up to US$1,500 million (US$ one thousand five hundred million) in single / multiple tranches through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during the Financial year 2016-17.

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.217.2 as compared to the previous close of Rs. 216.3. The total number of shares traded during the day was 1575472 in over 12853 trades.

The stock hit an intraday high of Rs. 218.7 and intraday low of 216.2. The net turnover during the day was Rs. 342714328.

Source : Equity Bulls

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