SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Indian Overseas Bank gets nod for Rs 3,806 crore capital infusion

29 Mar 2019 Evaluate

Indian Overseas Bank’s shareholders have approved the special resolution to issue 269,54,67,422 equity shares at issue price of Rs 14.12 per equity share (including premium of Rs 4.12 per equity share) on preferential basis to Government of India for the capital infusion of Rs 3,806 crore received from the Government in February 2019. This capital infusion will help the bank shore up its capital adequacy requirements and enable the bank build a robust loan book.

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

Indian Overseas Bank Share Price

34.97 0.03 (0.09%)
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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×