Corporate News     15-Jun-22
Board of Indian Overseas Bank approves capital plan for FY23
At meeting held on 15 June 2022
The Board of Indian Overseas Bank at its meeting held on 15 June 2022 has approved the capital plan for FY 2022-23 as under:

a) Considered and approved issue of equity shares to a maximum extent of Rs.1000 crore with appropriate premium to the public, by way of Follow on Public Offer / Rights Issue with or without participation from GOI / issue of equity shares to Qualified Institutional Buyers / issue of Shares to Employees under SEBI(Share Based Employee Benefits and Sweat Equity) Regulations, 2021 / issue of shares on preferential basis to LIC and other insurance companies / mutual funds / QIBs, after obtaining the approval of the shareholders.

b) to raise Tier II capital by issue of BASEL III Compliant Tier II Bonds upto a maximum extent of Rs.1000 crore with or without applicable green shoe option, in one or more tranche/s. on private placement/ to retail segment by way of public issue either domestically or overseas.

Previous News
  Indian Overseas Bank
 ( Results - Analysis 13-May-23   00:27 )
  Indian Overseas Bank consolidated net profit rises 23.61% in the March 2024 quarter
 ( Results - Announcements 09-May-24   14:58 )
  Indian Overseas Bank up for third consecutive session
 ( Hot Pursuit - 21-May-24   13:05 )
  Indian Overseas Bank up for third straight session
 ( Hot Pursuit - 02-Jun-23   13:05 )
  Indian Overseas Bank consolidated net profit rises 18.82% in the March 2023 quarter
 ( Results - Announcements 13-May-23   07:37 )
  Indian Overseas Bank announces appointment of director
 ( Corporate News - 22-Dec-21   18:38 )
  Indian Overseas Bank slips for fifth straight session
 ( Hot Pursuit - 22-Feb-23   13:35 )
  Indian Overseas Bank receives upgrade in credit ratings
 ( Corporate News - 15-Nov-22   17:38 )
  Indian Overseas Bank gains after strong Q4 performance
 ( Hot Pursuit - 18-May-22   14:40 )
  Board of Indian Overseas Bank approves raising of Tier II capital
 ( Corporate News - 30-Nov-18   15:06 )
  Indian Overseas Bank announces board meeting date
 ( Corporate News - 31-May-21   10:12 )
Other Stories
  NBCC bags order of Rs 50 cr for construction of sports complex in Dhannagar, Odisha
  09-Oct-24   14:37
  Algoquant Fintech to hold AGM
  09-Oct-24   14:02
  Worth Investment & Trading Company schedules EGM
  09-Oct-24   14:02
  Silverline Technologies schedules EGM
  09-Oct-24   14:02
  IRB Infrastructure Developers approves issuance of USD-denominated notes up to USD 200 million
  09-Oct-24   13:45
  Happiest Minds launches its AI-driven advanced threat detection solution 'Secureline360'
  09-Oct-24   13:42
  Bajaj Finance allots NCDs aggregating Rs 500 cr
  09-Oct-24   13:37
  Board of IRB Infrastructure Developers approves raising USD 200 million via debt issuance
  09-Oct-24   13:16
  Mamaearth partners with Meesho to drive growth in Tier 3 markets
  09-Oct-24   12:55
  MIC Electronics wins order from Malda Division, Eastern Railway
  09-Oct-24   11:56
Back Top