 "Indian Bank")
Shares of Indian Bank dipped 8 per cent to Rs 141.90 on the BSE in intra-day trade on Tuesday on profit-booking as fresh shares allotted by the bank to qualified institutional buyers (QIBs) started trading on the exchanges today onwards. The stock has fallen below its qualified institutional placement (QIP) issue price of Rs 142.15 per share.
“A total of 116,074,569 equity shares of Rs 10 each allotted to QIBs pursuant to Qualified Institutional Placement (QIP) are listed and admitted for trading on the Exchange with effect from Tuesday, June 29, 2021,” BSE said in a notice on Monday, June 28,
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