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Indian Bank planning to raise up to Rs 7,000 crore

15 Dec 2017 Evaluate

Indian Bank is planning to raise equity capital up to Rs 7,000 crore in one or more tranches in the current or subsequent years based on the requirement through FPO/ Private Placement/ QIP/ Rights Issue/ Preferential Issue/ Institutional Placement Program. The Board Meeting of the Bank is scheduled to be held on December 19, 2017 to approve the same.

Indian Bank was established as a part of the Swadeshi movement. The bank provides a wide spectrum of banking products and services.


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
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