Indian Overseas Bank receives Rs. 388.92 crores from Central Government for preferential issue

Indian Overseas Bank has received an amount of Rs.388.94 crore on 26.03.2018 towards contribution of the Central Government in the preferential allotment of equity shares of the Bank during the Financial Year 2017-18, as Government's investment.

Shares of INDIAN OVERSEAS BANK was last trading in BSE at Rs.17.45 as compared to the previous close of Rs. 17.7. The total number of shares traded during the day was 157182 in over 422 trades.

The stock hit an intraday high of Rs. 18 and intraday low of 17.25. The net turnover during the day was Rs. 2745721.

Source : Equity Bulls

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