Indian Bank s board has set the floor price for the QIP at Rs 414.44 a share, a discount of around 5.5 percent from the December 12 closing price of Rs 437.20 on NSE
Indian Bank Share price NSE, BSE today: check share/stock price of INDIANB, get live NSE/BSE stock price of Indian Bank with financial reports, peer comparisons, stock performance, about company, shareholding pattern, SWOT analysis on Business Today.
Indian Bank share price: The bank posted a 40.89 per cent increase in net profit at Rs 1,709 crore in the April-June quarter (Q1 FY24), mainly due to decline in bad loans. The Chennai-based lender had posted a net profit of Rs 1,213 crore in the year-ago period. Total income in Q1 FY24 rose to Rs 14,759 crore as against Rs 11,758 crore.
Indian Bank to raise up to Rs 4,000 crore
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Last Updated: Mar 09, 2021, 08:40 PM IST
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The government as the promoter of the bank holds 88.06 per cent in the Chennai-headquartered Indian Bank.
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NEW DELHI: State-owned
Indian Bank on Tuesday said its committee of directors has given approval for raising up to Rs 4,000 crore through share sale. Shareholders of the bank on March 2 had given approval for the capital raising. The Committee of Directors in its meeting held on March 9, 2021, has accorded approval for raising of equity capital of the bank aggregating up to Rs 4,000 crore (including premium) through qualified institutions placement (QIP) in one or more tranches, Indian Bank said in a regulatory filing.