Indian Overseas Bank to issue preference shares to government

11 May 2021 Evaluate

Indian Overseas Bank’s (IOB) board is going to issue preference shares to the government for Rs 4,100 crore capital infusion. A meeting of the board of directors for the issue of equity share capital would be held on Monday, May 17, 2021, to issue and allot shares to the government on a preferential basis for the capital infusion of Rs 4,100 crore.

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

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