SBI trades higher on raising $500 million through IFSC Gift City branch
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
State Bank of India is currently trading at Rs. 514.40, up by 5.00 points or 0.98% from its previous closing of Rs. 509.40 on the BSE.
The scrip opened at Rs. 514.70 and has touched a high and low of Rs. 515.50 and Rs. 511.75 respectively. So far 57338 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 549.05 on 07-Feb-2022 and a 52 week low of Rs. 321.15 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 520.75 and Rs. 504.25 respectively. The current market cap of the company is Rs. 458769.66 crore.
The promoters holding in the company stood at 57.60%, while Institutions and Non-Institutions held 34.62% and 7.78% respectively.
State Bank of India (SBI) has raised $500 million (over Rs 3,800 crore) through its IFSC Gift City branch. This is the first offshore USD Secured Overnight Financing Rate (SOFR) linked syndicated loan raised by SBI through its Gift City branch. The facility is for $400 million plus $100 million as a green shoe option.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
