State Bank of Mysore to raise Rs 100 crore to boost Tier I capital

State Bank of Mysore has announced that the Board of Directors of the Bank at its meeting held on October 31, 2009, have approved issue of Perpetual Debt Instruments of Rs. 100 crores to strengthen the Tier I capital of the Bank.

The stock was trading at Rs.597.15, down by Rs.6 or 0.99%. The stock hit an intraday high of Rs.605 and low of Rs.595.10.

The total traded quantity was 192 compared to 2 week average of 2444.

Source : Equity Bulls

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