State Bank of India (SBI), the largest public sector lender, witnessed a fall in share prices on Thursday despite stock split. The board of directors of the bank, in a meeting on September 24, decided to reduce the face value of equity shares of the bank from Rs 10 a share to Rs 1 a share and to increase the number of issued shares in proportion thereof.
Shares of the bank are trading at Rs 2,459, down Rs 28.4, or 1.14% at the Bombay Stock Exchange (BSE) on Thursday at 9:47 a.m.
The scrip has touched an intra-day high of Rs 2,508.85 and low of Rs 2,455.50. The total volume of shares traded at the BSE is 39,862.