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Indian Bank allots equity shares worth Rs 2534 crore to government

03 Dec 2019 Evaluate

Indian Bank has allotted 11,72,65,954 equity shares of face value of Rs 10 each at an Issue Price of Rs 216.09 (including premium of Rs 206.09) per share aggregating to Rs 2534 crore to Government of India, Promoter of the Bank, on preferential basis.

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 947.60
PNB 116.25
Bank Of Baroda 238.30
Canara Bank 119.40
Union Bank Of India 173.65
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