SBI’s & LIC's Portfolio Penny Stock Under Rs 50 Jumps Over 5 Per Cent As Board Approved Allotment of 37,35,274 Equity Shares on Conversion of FCCBs
SBI’s & LIC's Portfolio Penny Stock Under Rs 50 Jumps Over 5 Per Cent As Board Approved Allotment of 37,35,274 Equity Shares on Conversion of FCCBs

SBI’s & LIC's Portfolio Penny Stock Under Rs 50 Jumps Over 5 Per Cent As Board Approved Allotment of 37,35,274 Equity Shares on Conversion of FCCBs

Including SBI Life Insurance Co. Ltd (9.92 per cent stake), State Bank of India (1.23 per cent), and Life Insurance Corporation of India (1.35 per cent).

Kiran Shroff Article rating: 3.7

This bullish sentiment was accompanied by a notable rise in trading volume, exceeding the prior day's levels by over 1.01 times.

SBI’s & LIC's Portfolio Penny Stock Under Rs 50 in Focus as Board to Meet on January 13 to Consider Equity Share Allotment on Conversion of FCCBs
SBI’s & LIC's Portfolio Penny Stock Under Rs 50 in Focus as Board to Meet on January 13 to Consider Equity Share Allotment on Conversion of FCCBs

SBI’s & LIC's Portfolio Penny Stock Under Rs 50 in Focus as Board to Meet on January 13 to Consider Equity Share Allotment on Conversion of FCCBs

As of September, the company's promoters bought 45,19,710 shares and increased their stake to 52.38 per cent compared to 51.66 per cent in June 2024.

Kiran Shroff Article rating: 4.4

As of September, the company's promoters bought 45,19,710 shares and increased their stake to 52.38 per cent compared to 51.66 per cent in June 2024.

Promoters bought 45,19,710 shares: SBI & LIC’s portfolio stock under Rs 70; Company has successfully raised the first tranche of USD 50 million via issuance of FCCB
Promoters bought 45,19,710 shares: SBI & LIC’s portfolio stock under Rs 70; Company has successfully raised the first tranche of USD 50 million via issuance of FCCB

Promoters bought 45,19,710 shares: SBI & LIC’s portfolio stock under Rs 70; Company has successfully raised the first tranche of USD 50 million via issuance of FCCB

The stock is up by 50 per cent from its 52-week low of Rs 40.40 per share.

Kiran Shroff Article rating: 3.9

The stock is up by 50 per cent from its 52-week low of Rs 40.40 per share.

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