Raises Rs 1649.99 crore
Indian Bank has allotted 11,60,74,569 equity shares of face value of Rs 10 each to eligible qualified institutional buyers at an issue price of rs 142.15 per equity share (including a premium of Rs 132.15 per equity share) aggregating to Rs 1649.99 crore.The QIP issue opened on 21 June 2021 and closed on 24 June 2021.
Post allotment of shares, the paid up equity share capital of the Bank has increased to Rs 1245.44 crore comprising of 124,54,41,139 equity shares of Rs 10 each.
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