Millennium Post

Scrip surges 1% on fund-raising announcement

Shares of State Bank of India (SBI) on Wednesday rose by over 1 per cent after the company announced to raise Rs 15,000 crore through a public offer including rights issue to fund business and meet global capital adequacy norms.

SBI's scrip ended 1.41 per cent higher at Rs 334.45 on the BSE. During the day, it jumped 1.84 per cent to Rs 335.90 -- its 52-week high. On the NSE, it closed with a gain of 1.01 per cent at Rs 333.40.
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