New Delhi: Syndicate Bank said on Monday it planned to raise 5.39 billion rupees through issue of preferential shares to the government by March-end.
A committee of directors formed to decide on the quantum of fund raising via issue of preferential shares gave a go-ahead on Saturday, the state-run bank said. The issue price will be determined as per the regulatory norms.
Bureau Report
First Published: Monday, February 20, 2012, 13:00