Indian Bank Rs 1,600 FPO

Govt-owned Indian Bank has selected dealer bankers for its Rs 1,600-crore follow-on public-issue.

Of the 14 applications it gotten, the South-based bank has assigned SBI Capital Markers , Kotak Mahindra Capital , ICICI Securities and Enam Securities . After the FPO, the government controlling in the bank will happen down to 70% from 80%.

Bank authorities state that the issue would hit the capital market sometime in August. The bank plans to release 6.14 cr shares available from the FPO.

indian bank fpo date, indian bank follow on public offer date, fpo date,

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

Auction Market

Auction Market An auction  market is a good example of buying and selling of financial instruments (stocks) which happens on the floor of the exchange, such as ...…

Available Information Sources For Investment

Available Information Sources For Investment Internet Newspapers Advisory (expert analyst) Services Government publications Business Periodicals The Internet provides a lot of information about shares and other investment alternatives.  Available information can range from simple ...…

What Is a Discount Price?

What Is a Discount Price? Securities are usually released in denominations of Rs 15, 30 or 200. This is called as a Face Value and when it is sold below ...…

Definition for Bond

Definition for Bond A bond is a debt security issued for a period of more than one year with the purpose of raising capital by borrowing. The bonds ...…

Bombay Stock Exchange Of India (BSE)

Bombay Stock Exchange Of India (BSE) Bombay Exchange Sensitive Index ( SENSEX) - the benchmark index of the Bombay Stock Exchange (BSE)  also called the "BSE 30", is a widely used ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV