Indian Bank FPO Likely Next Year

Indian Bank FPO Likely Next YearIndian Bank’s FPO (follow-on public offer) the coming year. Some time following the yearend auditing is over the bank might start focus on it, Therefore, the bank’s follow-on public offer isn’t close to the corner, however is definitely on the cards. The bank wish to mop up around Rs 1,500 cr from the IPO issue,

The Indian Govt holds 80 percent of the bank’s equity capital, therefore the primary promoter are able to dilute a part of its stake.

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