2 min read Last Updated : Dec 21 2023 | 9:58 AM IST
Shares of Indian Bank slipped 8 per cent to Rs 393.55 on the BSE in Thursday’s intra-day trade after 101.5 million equity shares of the company, allotted to qualified institutional buyers (QIBs), got listed on the stock exchanges today.
The stock of the public sector bank has dipped 12 per cent in the past two trading days. While, it has corrected 15 per cent from its record high level of Rs 462.75 touched on November 15.
The committee of directors on capital raising of the bank, in its meeting held on December 16, 2023, approved the QIP issue and allotment of 101.52 million new equity shares of face value Rs 10 each to…
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Indian Bank extends slide to 2nd day; slips 8% after listing of QIP shares | News on Markets
