MoneyWorks4Me

Indian Overseas Bank informs about qualified institutional placement

18 May 2016 Evaluate

Indian Overseas Bank has informed that the Managing Director and CEO, R. Koteeswaran, pursuant to the powers granted to him by the Board of Directors of the Bank and the shareholders of the Bank, pursuant to its resolutions dated May 08, 2015 and June 30, 2015 respectively, has decided to open the Qualified Institutions Placement on May 17, 2016.  In accordance with Regulation 85 of the SEBI ICDR Regulations, the floor price has been arrived at Rs 30.05 per Equity Share.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
View more..