State Bank of Travancore up nearly 1% as board approves rights issue 23/06/2014

State Bank of Travancore up nearly 1% as board approves rights issue
23/06/2014 13:35
Shares of State Bank of Travancore rose nearly 1 per cent in early trade on Bombay Stock Exchange (BSE) after the bank said its board has approved the rights issue of the equity shares of the bank for up to Rs 485 crore. The shares of Bank rose as much as 0.96 per cent to trade at Rs 597 a piece on the BSE. However, shares of the Bank rose 0.85 per cent to Rs 596.40 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 24,962, down 143.51 points or 0.57 per cent at 1.33 hours.