SBI slips 3%; to issue over 19.6 crore shares on preferential basis

The stock opened at Rs.233 as against the previous close of Rs.233 on BSE.

Shares of SBI was lower by 3% to Rs. 225 after bank said it will issue over 19.6 crore shares on preferential basis at a price of Rs 274.37 per share to the government for raising Rs 5,393 crore capital.

The stock opened at Rs.233 as against the previous close of Rs.233 on BSE. It has hit a high of Rs. 233 and a low of Rs.224 on BSE today.

Total traded quantity on the counter stood at over 13.39 lk shares on BSE.

Meanwhile, the BSE Sensex is down 500 points at 25,265.