State Bank of Mysore on Wednesday said its board has fixed Rs 540 a share price for its rights issue of 1.08 crore shares.
The ratio for the rights issue is set at 3:10, which means investors who apply for the issue will receive three shares for every 10 shares they held as on the record date, the lender said in a notice to the Bombay Stock Exchange (BSE).
The size of the rights issue is Rs 583.20 crore.
At 2:59 IST, State Bank of Mysore shares were trading up Rs 20.90, or Rs 1.57 per cent, at Rs 1,348 on the BSE. In the last two sessions, the stock has gained about 44 per cent.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app