The dollar-denominated, Basel III-compliant AT1 notes were finally priced at 4.10 per cent, 0.30 per cent lower than the initial price guidance, the bank said in a statement.
Pronouncing its order on August 9, the two-member bench of the Securities Appellate Tribunal (SAT) gave a split verdict, saying there was difference of opinion between the members of the bench.
This will be the first equity expansion by the company after the Covid-19 pandemic, chief executive Sanjay Sharma said.
Banks are now permitted to raise up to 49 per cent of the eligible AT1 capital in foreign currency. However, a debate over what is eligible capital brewing.
Nifty50 went past the 17,200 level; this was the point that had accumulated maximum Call open interest throughout the week. This depicts the inherent strength of the market.
The Dow Jones Industrial Average rose 40.5 points, or 0.11 per cent, at the open to 35,353.06.
Just three trading days ago, the yield on the 10-year benchmark 6.10 per cent, 2031 bond touched its highest ever intraday level of 6.26 per cent. Today, the yield on the benchmark 10-year sovereign bond is six basis points lower at 6.20 per cent, implying a rise in price of around 42 paise.
The near-6 per cent jump in the stock came after a media report said that the company is likely to raise as much as $1 billion from investors.
Analysts see good chances of the index moving towards the 17,300-17,400 range. Key support for the NSE barometer now stands at 17,050, they said.
Nifty50 formed a bullish candle and continued to make higher highs and lows since the last four trading sessions.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.