BackIndian Overseas Bank board okays raising Rs4,150 crore
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13 Dec 2010, 12:08 PM IST
Indian Overseas Bank board okays raising Rs4,150 crore
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Mumbai: Indian Overseas Bank said on Friday its board has approved raising funds worth Rs4,150 crore via private placement.
The board approved raising Rs1,700 crore via qualified institutional placement, Rs250 core by tier-1 bonds, Rs1,000 crore by lower tier-2 bonds and Rs1,200 crore by upper tier-2 bonds, it said in a statement to the exchange.
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Published: 13 Dec 2010, 12:08 PM IST
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