State Bank of Mysore raises Rs. 200 crores through Basel III Complaint Tier II Bond Issue

State Bank of Mysore have on January 18, 2016 raised Rs.200 crores of non-convertible, redeemable, unsecured, Basel III Compliant Tier 2 Bonds, for inclusion in tier 2 capital of the Bank, in the nature of debentures of face value of Rs. 10 lakhs each ("bonds") at par aggregating Rs. 200 crores.

Shares of STATE BANK OF MYSORE was last trading in BSE at Rs.400 as compared to the previous close of Rs. 400.4. The total number of shares traded during the day was 311 in over 46 trades.

The stock hit an intraday high of Rs. 408 and intraday low of 399.1. The net turnover during the day was Rs. 125332.

Source : Equity Bulls

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