Oriental Bank of Commerce today informed the Bombay Stock Exchange that the bank intends to raise Rs 800 crore via debt instruments. Innovative perpetual debt instruments (tier one capital) will be issued to raise Rs 300 crore. And lower tier two/ upper tier two bonds (tier two capital) will be issued to raise Rs 500 crore in the current financial year to support the bank's business plans.
At the close of market hours, the share was priced Rs 424.2. It lost Rs 2.5 or 0.48 per cent while the Sensex closed 60.99 points down from its previous close.
