INDIAN BANK - Outcome of Board Meeting

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18 Mar 2017
Further to our letter dated March 14, 2017 informing taking up of a proposal to raise further capital funds by the Bank with the Board for approval, we are to inform that the Board has, in the meeting held on March 18, 2017, accorded approval to the Bank to raise capital by issue of 4.75 crore equity shares of face value of Rs.10/- each through Follow-on Issue / Rights Issue / Private Placement / QIP / Preferential Issue, subject to necessary approval from Reserve Bank of India, Government of India, shareholders of the Bank and other regulatory authorities, at appropriate time.
View all announcements for INDIAN BANK	Source: BSE India

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