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Board of Indian Overseas Bank to consider capital raising plan for FY2025

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On 22 April 2024

The Board of Indian Overseas Bank will meet on 22 April 2024 to approve the capital raising plan for FY 2024-25 through Follow-on Public offer (FPO)/Rights issue/ Qualified Institutional Placement (QIP) / Preferential issue or any other mode or combination thereof and /or through issue of BASEL III compliant Tier II Bonds or such other securities.

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First Published: Apr 16 2024 | 7:37 PM IST

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