Tamilnad Mercantile Bank is one of the oldest private sector banks, with a history of 101 years. It was established in 1921 as Nadar Bank and assumed the present name in 1962.
तमिलनाड मर्केंटाइल बैंक की शेयर बाजार में मंगलवार को कमजोर लिस्टिंग हुई है। प्राइवेट सेक्टर के तमिलनाड मर्केंटाइल बैंक के शेयर नेशनल स्टॉक एक्सचेंज (NSE) में 495 रुपये पर लिस्ट हुए। Tamilnad Mercantile Bank Share listing stock listed on 3 percent discount - Business News India - Hindustan
Tamilnad Mercantile Bank IPO: Share allotment status of Tamilnad Mercantile Bank's initial public offering (IPO) would be announced on Monday. The initial share sale of the Tuticorin-headquartered private lender got subscribed 2.86 times on the last day of subscription (September 7). The Rs 831.6-crore IPO received bids for 2,49,39,292 shares against 87,12,000 shares on offer.
Tamilnad Mercantile Bank IPO: All of the six foreign shareholders Robert & Ardis James Company (4.95 per cent), Starship Equity Holdings (4.72 per cent), Subcontinental Equities (4.64 per cent), East River Holdings (3.72 per cent), Swiss Re Investors Mauritius (1.90 per cent) and FI Invest Mauritius (1.48 per cent) would have to retain their holdings for the next six months after the IPO.