Indian Bank is currently trading at Rs. 106.05, up by 0.75 points or 0.71% from its previous closing of Rs. 105.30 on the BSE.
The scrip opened at Rs. 107.00 and has touched a high and low of Rs. 107.15 and Rs. 105.15 respectively. So far 1235 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 223.00 on 15-Jan-2015 and a 52 week low of Rs. 105.00 on 11-Jan-2016.
Last one week high and low of the scrip stood at Rs. 113.90 and Rs. 105.00 respectively. The current market cap of the company is Rs. 5057.47 crore.
The promoters holding in the company stood at 82.10% while Institutions and Non-Institutions held 14.58% and 3.31% respectively.
Indian Bank is planning to raise about Rs 1,100 crore to raise Basel III complaint Tier II Bonds. In this regard, the bank is proposing to seek approval of its board in ensuing board meeting.
The meeting is to be held on January 19, 2016 to permit the bank to raise Basel III compliant Tier II Bonds for Rs 1,100 crore in one or more tranches in the current or subsequent years based on the requirement.
