Indian Bank on Tuesday approved its shareholders to raise equity capital of up to ₹ 4,000 crore. The bank held an extraordinary institutional meeting with an agenda to raise equity capital, which included qualified institutional placements, follow-on public offerings, rights issues or combinations. Special resolution was passed in the meeting, it said a regulatory filing
During January 2021, the board had approved the move to raise equity capital to increase its capital base and another Rs.3,000 crore through bonds.
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