Live
- Sun-Dried Cotton to Be Taken to CCI Purchase Centers, Avoid Middlemen - Collector
- Survey Process Requires Public Cooperation - Collector Badavath Santosh
- Distribution of Maize Seeds to Farmers at Agricultural Research Center
- Education with Human Values Must be Provided to Students - Telangana State Higher Education Council Chairman Prof. V. Balakista Reddy
- Review on Employment Guarantee Works and Nursery Management
- Nepal's disasters cause huge loss in late September
- Congress not finished but BJP survives on backs of Nitish, Chandrababu: Nana Patole
- Calcutta High Court advises Bengal government to fix guidelines for demonstration sites
- 25 per cent of Indians affected by Varicose Veins, say health experts
- Congress launches 'Delhi Nyay Yatra' to expose AAP govt's failure
Indian Bank shares surge over 5% post raising Rs 1,048 crore
Indian Bank
Highlights
Shares of Indian Bank surged over five per cent on Wednesday after the bank raised Rs 1,048 crore through private placement of AT-1 perpetual bonds.
Mumbai: Shares of Indian Bank surged over five per cent on Wednesday after the bank raised Rs 1,048 crore through private placement of AT-1 perpetual bonds.
It has so far touched an intra-day high of Rs 93.75 per share.
Around 10.40 a.m., its shares on the BSE were at Rs 90.15, higher by Rs 4.55 or 5.32 per cent from its previous close.
In a regulatory filing on Tuesday, the bank said: "The Bank on date has successfully raised Tier 1 Capital Fund through Private Placement of Basel III compliant AT-1 Perpetual Bonds aggregating to Rs 1,048 crore at a coupon of 8.44 per cent p.a. payable annually."
The issuance or placement of the bonds has been completed by the bank through BSE-EBP, it added.
Next Story
ADVERTISEMENT
