Indian Bank approves allotment of shares to Government of India at Rs. 216.09

Indian Bank has approved the allotment of 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 on 03.12.2019.

Shares of INDIAN BANK was last trading in BSE at Rs.122.95 as compared to the previous close of Rs. 126.15. The total number of shares traded during the day was 86712 in over 1708 trades.

The stock hit an intraday high of Rs. 126.75 and intraday low of 121.5. The net turnover during the day was Rs. 10712479.

Source : Equity Bulls

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