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State Bank of Mysore to raise Rs 700 crore
State Bank of Mysore (SBM), the Bangalore-based associate bank of State Bank of India, is planning to raise Rs 600 crore through a rights issue. The bank’s board, which met here on Saturday, approved the proposal. - F&O OUTLOOK: Nifty may correct further next week - FIIs net buyers Rs 2,070cr in F&O on Friday - Asian markets mixed in early trades - US markets edge up on fresh data - Ajai Shukla: Stealing lollipops from babies">Ajai Shukla: Stealing lollipops from babies - Govt insurers look to revamp operations However, the premium, the size and the ratio of the issue is yet to be decided. The issue is likely to be floated in the fourth quarter of this fiscal.12 month loans commented:
Such raised amount can be invested in a more useful way and more good results can be found. So I think the decision is good.
29.11.2011
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12.03.2012