rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
INDIAN BANK - Board declares Interim Dividend (EGM on Feb 10, 2014)
< Back
10 Jan 2014
Indian Bank has informed BSE that the Board of Directors of the Company at its meeting held on January 10, 2014, has &lt;br/&gt;approved the conversion of the Perpetual Non-Cumulative Preference Shares (PNCPS) (4,00,00,000 Perpetual Non-Cumulative Preference Shares of Rs. 100/- each aggregating to Rs. 400.00 crore), held by Government of India, into such number of equity shares in favour of Government of India pursuant to compliance with Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and subject to approval of shareholders and other regulatory / statutory authorities. The Board has fixed Extra-ordinary General Meeting of the shareholders of the Bank on February 10, 2014 at 10.00 a.m. at IMAGE Auditorium, MRC Nagar, Raja Annamalaipuram, Chennai - 600 028 for this purpose.&lt;br/&gt;&lt;br/&gt;The Board has also declared an Interim Dividend of Rs. 3.00 (30%) per Equity Share for the year 2013-14, subject to Bank obtaining notification from Government of India exempting the Bank from the provisions of Sub-section (1) of Section 15 of the Banking Regulations Act, 1949.
View all announcements for INDIAN BANK Source: BSE India