Indian Bank Ltd to raise Rs. 4000 crore through QIP

The Committee of Directors of Indian Bank Ltd in its meeting held on date i.e. 09.03.2021 has accorded approval for raising of equity capital of the Bank aggregating upto Rs. 4000.00 crore (including premium) through Qualified Institutions Placement (QIP) in one or more tranches subject to all statutory and regulatory approvals in this regard.

Shares of INDIAN BANK was last trading in BSE at Rs.135.3 as compared to the previous close of Rs. 139.4. The total number of shares traded during the day was 78178 in over 1306 trades.

The stock hit an intraday high of Rs. 141.05 and intraday low of 134.1. The net turnover during the day was Rs. 10670047.

Source : Equity Bulls

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