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IOB raises equity share with premium

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Capital Market
Last Updated : Dec 16 2013 | 11:56 PM IST

On 14 December 2013

The directors of Indian Overseas Bank in the board meeting held on 14 December 2013 have considered raising bank's equity share of the face value of Rs 10 with premium on preferential basis and/or QIP basis up to Rs 350 crore at the price as determined under SEBI (ICDR) regulations, not diluting below 65% of Government of India holding.

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First Published: Dec 16 2013 | 2:22 PM IST

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