Business Standard

SBBJ soars on right issue plans

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Press Trust of India Mumbai

State Bank of Bikaner and Jaipur (SBBJ) has soared 6% to Rs 676 after the bank announced fund raising plan through right issue.

"The board of directors will meet on December, 10 to approve the draft letter of offer, for raising equity share capital to the extent of Rs 800 crore (including premium) by way of rights issue," the bank said in a filing to the stock exchanges.

The stock opened at Rs 640 and hit high of Rs 704 on the BSE. As many as 45,220 shares have changed hands on the counter so far, as against an average 7,478 shares were traded daily in past two weeks.

 

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First Published: Dec 08 2010 | 11:00 AM IST

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