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Indian Bank gains on getting nod for Govt Rs 280 crore capital infusion

16 Feb 2015 Evaluate

Indian Bank is currently trading at Rs 187.80, up by 1.65 points or 0.89% from its previous closing of Rs. 186.15 on the BSE.

The scrip opened at Rs. 187.70 and has touched a high and low of Rs. 189.20 and Rs. 187.05 respectively. So far 4344 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 224.20 on 01-Jan-2015 and a 52 week low of Rs. 86.35 on 26-Feb-2014.

Last one week high and low of the scrip stood at Rs 186.90 and Rs 173.10 respectively. The current market cap of the company is Rs 8750.77 crore.

The promoters holding in the company stood at 81.51% while Institutions and Non-Institutions held 14.59% and 3.90% respectively.

Indian Bank has received its board’s approval for the Government proposal to infuse Rs 280 crore in the bank by way of preferential equity allotment. The bank’s board gave approval for the same in its meeting held on February 14, 2015. The Board also decided to convene an Extraordinary General Meeting (EGM) of the shareholders of the Bank for obtaining their approval for the proposed Preferential issue to the Government of India. The EGM has been fixed for March 23, 2015.

The government had looked at return on assets (ROA) and return on equity (ROE) for the last three years.

Indian Bank Share Price

938.95 -1.75 (-0.19%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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