Shares Of State Bank of India Were Higher By Around 2 Percent - Dollar Advisory Financial Services

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Tuesday 6 June 2017

Shares Of State Bank of India Were Higher By Around 2 Percent

Shares of State Bank of India were higher by around 2 percent intraday on Tuesday as investors cheered the lender’s plan to raise funds.

The country's largest lender on Monday opened share sale through a private placement at Rs 287.58 a piece to raise Rs 11,000 crore.

This is part of plans to garner Rs 15,000 crore capital from markets in the current fiscal.

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