Oriental Bank of Commerce raises Rs.1,000 cr via Additional Tier 1 Bonds

India Infoline News Service | Mumbai | September 20, 2016, 10:59 IST

Oriental Bank of Commerce is currently trading at Rs. 127.3, up by Rs. 0.8 or 0.63% from its previous closing of Rs. 126.5 on the BSE.

Oriental Bank of Commerce
Oriental Bank of Commerce has now informed BSE that the Issue of Basel III Compliant Additional Tier 1 Bonds (Private Placement) was opened on September 16, 2016 (for one day). The Issue was fully subscribed to the extent of Rs.1000 crore and Bonds were allotted on September 16, 2016 (i.e. Deemed Date of Allotment) as per the terms of the Disclosure Document.

Oriental Bank of Commerce is currently trading at Rs. 127.3, up by Rs. 0.8 or 0.63% from its previous closing of Rs. 126.5 on the BSE.

The scrip opened at Rs. 127 and has touched a high and low of Rs. 128.45 and Rs. 126 respectively. So far 1179066 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4379.06 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.5 on 30-Nov-2015 and a 52 week low of Rs. 75.3 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 131.7 and Rs. 120.75 respectively.

The promoters holding in the company stood at 58.38 % while Institutions and Non-Institutions held 29.56 % and 12.06 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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