Indian Overseas Bank approves capital raising Plans

Indian Overseas Bank's Board, at its meeting held on December 12, 2015, had approved that the Bank may proceed, based on the approval of Shareholders at the AGM held on June 30, 2015, to raise capital by issue of equity shares to the public not exceeding 51.79 crore shares of face value of Rs 10 each at appropriate premium.

Shares of INDIAN OVERSEAS BANK was last trading in BSE at Rs.30.45 as compared to the previous close of Rs. 30.55. The total number of shares traded during the day was 72104 in over 367 trades.

The stock hit an intraday high of Rs. 30.85 and intraday low of 30.35. The net turnover during the day was Rs. 2202485.

Source : Equity Bulls

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