Oriental Bank of Commerce plans to raise Rs. 1000 crores

Oriental Bank of Commerce intends to raise Tier II Capital through Private Placement of Basel III Compliant Tier 2 Bonds of Rs. 10,00,000/- each at par aggregating to Rs. 1000 crore. The Bonds have been rated CARE AA+ & ICRA AA+ (Hyb.) by CARE & ICRA, respectively.

Shares of ORIENTAL BANK OF COMMERCE was last trading in BSE at Rs.141.7 as compared to the previous close of Rs. 144.7. The total number of shares traded during the day was 162355 in over 1893 trades.

The stock hit an intraday high of Rs. 147.3 and intraday low of 140.25. The net turnover during the day was Rs. 23147205.

Source : Equity Bulls

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