Indian Bank allots equity shares to GoI aggregating Rs 279.99 crore
On 31 March 2015
Indian Bank announced that further to the approval of the shareholders of the Bank in the Extra-ordinary General Meeting held on 23 March 2015 and receipt of capital funds from the Government of India, the Bank has, on 31 March 2015, allotted 1,54,43,163 (One Crore Fifty Four Lakhs Forty Three Thousand One Hundred and Sixty Three only) equity shares of face value of Rs. 10/- each at an Issue Price of Rs. 181.31 (including premium of Rs. 171.31) per share determined in accordance with Regulation 76(1) of SEBI (ICDR) Regulations, 2009, aggregating to Rs. 279.99 crore to Government of India on preferential basis.Powered by Capital Market - Live News