Indian Overseas Bank is currently trading at Rs. 50.25, up by 0.40 points or 0.80% from its previous closing of Rs. 49.85 on the BSE.
The scrip opened at Rs. 50.15 and has touched a high and low of Rs. 50.75 and Rs. 50.15 respectively. So far 99646 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.85 on 07-Jan-2013 and a 52 week low of Rs. 37.15 on 19-Aug-2013.
Last one week high and low of the scrip stood at Rs. 51.00 and Rs. 49.00 respectively. The current market cap of the company is Rs. 4689.78 crore.
The promoters holding in the company stood at 73.80% while Institutions and Non-Institutions held 13.75% and 12.45% respectively.
Indian Overseas Bank (IOB) is planning to mop-up around Rs 900 crore through Qualified institutional placement (QIP), private placement and other modes.
Recently, Government of India (GoI) has announced that it will infuse Rs 1,200 crore into the Bank. IOB is one of the 20 public sector banks in which Government decided to infuse around Rs 14,000 crore in 2013-14, through preferential allotment of equity in its favour. GoI stake in IOB currently stands at around 78.2%.
Indian Overseas Bank is one of the largest public sector banks in the country with a total business of over Rs 3.67 lakh crore and set a target to cross Rs 4.50 lakh crore.
Source:- berkeleygains
The scrip opened at Rs. 50.15 and has touched a high and low of Rs. 50.75 and Rs. 50.15 respectively. So far 99646 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.85 on 07-Jan-2013 and a 52 week low of Rs. 37.15 on 19-Aug-2013.
Last one week high and low of the scrip stood at Rs. 51.00 and Rs. 49.00 respectively. The current market cap of the company is Rs. 4689.78 crore.
The promoters holding in the company stood at 73.80% while Institutions and Non-Institutions held 13.75% and 12.45% respectively.
Indian Overseas Bank (IOB) is planning to mop-up around Rs 900 crore through Qualified institutional placement (QIP), private placement and other modes.
Recently, Government of India (GoI) has announced that it will infuse Rs 1,200 crore into the Bank. IOB is one of the 20 public sector banks in which Government decided to infuse around Rs 14,000 crore in 2013-14, through preferential allotment of equity in its favour. GoI stake in IOB currently stands at around 78.2%.
Indian Overseas Bank is one of the largest public sector banks in the country with a total business of over Rs 3.67 lakh crore and set a target to cross Rs 4.50 lakh crore.
Source:- berkeleygains