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By EquityPandit
Syndicate Bank has raised Rs 930 crore through issuance of Basel III compliant bonds.
It has said in a regulatory filing that “In respect of invitation pertaining to series III, potential investors have placed bids for Rs 1,800 crore (1.95 times) and the bank decided to exercise the green shoe option and retain the total amount of Rs 930 crore and alloted on pro rate basis.”
