Indian Bank to issue Bonds worth Rs. 1100 crores

The Board of Directors of Indian Bank at its meeting held on January 19, 2016 has accorded approval to the Bank to raise Basel III compliant Tier II Bonds for Rs.1100 crore in one or more tranches in the current or subsequent years based on the requirement.

Shares of INDIAN BANK was last trading in BSE at Rs.91 as compared to the previous close of Rs. 89.9. The total number of shares traded during the day was 22356 in over 644 trades.

The stock hit an intraday high of Rs. 91.9 and intraday low of 89.6. The net turnover during the day was Rs. 2038223.

Source : Equity Bulls

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