Indian Overseas Bank to consider preferential issue to Government of India

The Board of Directors of Indian Overseas Bank will meet on February 19, 2011, to consider preferential allotment of equity shares to Government of India.

The stock was trading at Rs.128.90, down by Rs.2.95 or 2.24%. The stock hit an intraday high of Rs.131.65 and low of Rs.128.50.

The total traded quantity was 1.30 lakhs compared to 2 week average of 1.22 lakhs.

Source : Equity Bulls

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