SBI raises Rs. 4,000 crore

The scrip opened at Rs. 230.5 and has touched a high and low of Rs. 231.15 and Rs. 228.2 respectively. So far 3337154(NSE+BSE) shares were traded on the counter.

India's largest bank, State Bank of India, has said it has raised Rs 4,000 crore by issuing tier-II bonds on private placement basis under the Basel-III norms. 

The bank has announced that in terms of Regulation 30 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Bank on December 23, 2015 has issued 40,000, Basel III compliant, Tier-ll bonds in the nature of debentures, of face value of Rs.10,00,000/- each at par, with 10 year tenure, bearing 8.33% p.a. coupon and with call option after 5 years, aggregating to Rs.4000 crores (Rupees four thousand crores) on private placement basis.

The scrip opened at Rs. 230.5 and has touched a high and low of Rs. 231.15 and Rs. 228.2 respectively. So far 3337154(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 178466.24 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 335.9 on 28-Jan-2015 and a 52 week low of Rs. 220.6 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 232.5 and Rs. 226 respectively.

The promoters holding in the company stood at 60.18 % while Institutions and Non-Institutions held 28.73 % and 9.09 % respectively.

The stock is currently trading above its 200 DMA.