- Blog by Anurag Panchal
- From
- Rate Now
-
Syndicate Bank To Raise Rs 500 Crore Via Stock Options
Updated 7 Years Ago
Syndicate Bank will raise up to Rs 500 crore by issuing stock to its staff under the employee share purchase scheme. Shares will be given at a 15-25 per cent discount to employees. The CEO of Syndicate Bank, Mrutyunjay Mahapatra said that the bank had proposed to raise the funds this quarter or early next quarter. The bank will issue 300 million shares to employees to raise this capital. The proposal is approved by the board. The bank will approach Sebi soon. Bank of India, Canara Bank, Allahabad Bank, United Bank and Union Bank of India are among the lenders
Rbi’s Move To Liberalise Overseas Borrowing Norms For Infrastructure Companies Is Not Satisfactory - Government
Amazon, Flipkart Get Notice For Allegedly Selling Fake Cosmetics - How To Avoid Buying Fake Cosmetics
New Blog Posts
