Indian Overseas Bank (IOB) is planning to raise about Rs 261 crore. In this regard, the company will issue over 9 crore equity shares of face value of Rs 10 each at an issue price of Rs 28.55 including premium to qualified institutional buyers (QIBs). The decision was taken at a meeting of the committee of directors May 20, 2016.
Indian Overseas Bank (IOB) was founded on February 10th 1937, a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
| View more.. | |
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