Tamilnad Mercantile Bank plans Rs 1.2K cr IPO this fiscal
By IANS |
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Chennai, April 27 : The Tamilnad Mercantile Bank (TMB), which will turn 100 this year, will come out with an initial public offering (IPO) of about Rs 1,000 crore to Rs 1,200 crore, said a top official of the bank.
The official also said that TMB logged an after tax profit of Rs 603.33 crore for the year ending March 31, 2021, as compared to Rs 407.69 crore reported in the corresponding period of the previous fiscal.
The bank s total business for FY 2020-21 stood at Rs 72,511.45 crore (deposits Rs 40,970.42 crore, advances Rs 31,541.03 crore), up from Rs 65,061.21 crore (deposits Rs. 36,825.03 crore, advances Rs. 28,236.18 crore) reported last fiscal.
Asbury Automotive Group Inc (ABG) Q1 2021 Earnings Call Transcript
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Operator
Good morning, my name is Denise, and I ll be your conference operator today. At this time, I d like to welcome everyone to the AutoNation First Quarter 2021 Earnings Conference Call. [Operator Instructions] Thank you.
I would now like to turn the call over to Rob Quartaro, Vice President, Investor Relations. You may begin your conference.
Robert Quartaro
Vice President of Investor Relations
Thank you. Good morning and welcome to AutoNation s first quarter 2021 conference call and webcast. Please ensure that your lines are muted until the operator announce it s your turn to ask a question. Leading our call today will be Mike Jackson, our Chief Executive Officer; and Joe Lower, our Chief Financial Officer. Following their remarks, we will open up the call for questions. I will be available by phone following the call to address any additional questions that you may have.