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Indian Bank directors approve Rs 4,000 crore fundraising via share sale Following the QIP, the government holding in the bank will come down from the existing level. The government as the promoter of the bank holds 88.06 per cent in the Chennai-headquartered Indian Bank PTI | March 9, 2021 | Updated 21:44 IST Indian Bank 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.

Indian bankIndian bank onCommittee of directorsState owned indian bankChennai headquartered indianIndian bank directors approve rs 4000 crore fundraising via share saleஇந்தியன் வங்கிஇந்தியன் வங்கி ஆன்குழு ஆஃப் இயக்குநர்கள்நிலை ஓஂட் இந்தியன் வங்கி