State Bank of Travancore (SBT) is currently trading at Rs. 581.70, up by 4.05 points or 0.70% from its previous closing of Rs. 577.65 on the BSE.
The scrip opened at Rs. 577.00 and has touched a high and low of Rs. 581.70 and Rs. 575.00 respectively. So far 440 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 619.00 on 16-Feb-2017 and a 52 week low of Rs. 360.00 on 01-Mar-2016.
Last one week high and low of the scrip stood at Rs. 619.00 and Rs. 557.60 respectively. The current market cap of the company is Rs. 4112.31 crore.
The promoters holding in the company stood at 79.09%, while institutions and non-institutions held 3.41% and 17.50% respectively.
SBT is planning to raise around Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement. The bank has received approval from executive committee of the board of directors at its meeting held on February 18.
SBT is an Associate of the State Bank of India and a member of the State Bank Group, the largest banking group in India. The Bank is alive to its developmental role and actively participates in meeting need based requirements of Small and Medium Enterprises and Agriculture.