Vijaya Bank rose 0.57% to Rs 53.30 at 09:46 IST on BSE after the bank successfully raised Basel-III compliant additional tier-1 bonds (Series IV) of Rs 325 crore through private placement at coupon rate of 10.49% per annum.
The announcement was made after market hours yesterday, 17 January 2017.Meanwhile, the BSE Sensex was up 167.55 points, or 0.62%, to 27,403.21
On the BSE, 7,474 shares were traded on the counter so far as against the average daily volumes of 1.47 lakh shares in the past one quarter. The stock had hit a high of Rs 53.30 and a low of Rs 53 so far during the day. The stock hit a 52-week high of Rs 54.45 on 11 November 2016. The stock hit a 52-week low of Rs 28.70 on 18 January 2016.
The mid-cap state-run bank has an equity capital of Rs 998.85 crore. Face value per share is Rs 10.
On 7 January 2017, Vijaya Bank said that it has reduced its Marginal Cost of Funds based Lending Rate (MLCR) by upto 85 basis points across all tenors effective from 10 January 2017.
Net profit of Vijaya Bank rose 34.05% to Rs 154.55 crore on 9.79% rise in total income to Rs 3516.57 crore in Q2 September 2016 over Q2 September 2015.
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As per the shareholding pattern, the Government of India held 70.33% stake in the bank as at 31 December 2016.
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