![SBI raises ₹10,000 cr via infra bonds; here’s how stock reacted](https://images.assettype.com/fortuneindia%2F2022-04%2F9c6f518c-128f-40a3-860c-5721ecca0350%2FSBI_05250_copy.jpg?w=300&q=95)
SBI raises ₹10,000 cr via infra bonds; here’s how stock reacted
This is the sixth infra bond issued by the PSU bank; the proceeds will be used for funding infrastructure and affordable housing segments.
This is the sixth infra bond issued by the PSU bank; the proceeds will be used for funding infrastructure and affordable housing segments.
The PSU bank plans to raise funds through equity and bonds during the current fiscal.
The share price of PSU bank has declined nearly 1% today and around 7% since April 29.
The apex court has given one day time to SBI to submit details of electoral bonds, rejecting its plea seeking an extension of time till June 30.
State Bank of India shares gained as much as 6.4% to hit a record high of ₹718.80 intraday today, while the m-cap surged to ₹6.36 lakh crore.
The share price of Canara Bank has doubled in the last one year, from its 52-week low of ₹268.85 on Feb 24, 2023, to ₹550.50 today.
Indian Overseas Bank shares gained as much as 7.9% to hit a fresh 52-week high of ₹56.22 on the BSE, while the m-cap surged to ₹1.2 lakh crore.
The PSU lender has risen over 12% in the last four sessions, touching its fresh 52-week high of ₹110.95 in intraday trade today.
10.15 crore equity shares of Indian Bank, allotted to qualified institutional buyers (QIBs), got listed on the stock exchanges today.
The market cap of PNB crossed ₹1.01 lakh crore today after the shares of the PSU lender rose 2.1% to hit a fresh 52-week high of ₹91.81 intraday.