Indian Bank to raise Tier II capital upto Rs 1000 crore

Indian Bank has announced that the Board of Directors of the Bank at its meeting held on May 31, 2010, has accorded approval for bank's raising Tier II Capital (upper / lower / mix) upto Rs. 1000 crore (Rupees one thousand crore only) in one or more tranches during the current year.

The stock was trading at Rs.227.15, up by Rs.2.65 or 1.18%. The stock hit an intraday high of Rs.230.25 and low of Rs.226.10.

The total traded quantity was 38744 compared to 2 week average of 53278.

Source : Equity Bulls

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