The professionally-managed private lender, which does not have any identifiable promoters, on Friday allotted 71,28,000 equity shares to 10 anchor investors and raised Rs 363.53 crore at Rs 510 apiece. This is against the price band of Rs 500 – Rs 525 per share for a fresh issue of 1,58,40,000 equity shares.
PSU banks to gain from credit growth amid government push, predicts Ambareesh Baliga
Market sentiment is currently weak, with a key level to watch at 24,250, as a break below could trigger panic selling. Certain sectors like textiles