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Indian Bank gets Sebi nod to raise capital by selling equity shares via QIP

The plan is to achieve the minimum public shareholding as per the norms. At present, the promoter Government of India has around 82 per cent of the total shares in the Indian Bank.

BS Reporter  |  Chennai 

Indian Bank gets Sebi permission to raise capital via QIP

(Sebi) has approved public sector lender to raise capital by selling equity shares through a (QIP), subject to approval from the Government of India.

The plan is to achieve the minimum public shareholding as per the norms. At present, the promoter Government of India has around 82 per cent of the total shares in the Bank officials were not available for a comment.

First Published: Thu, November 23 2017. 21:19 IST
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