Indian Bank inches up on raising Rs 5000 crore
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Indian Bank is currently trading at Rs. 520.55, up by 0.35 points or 0.07% from its previous closing of Rs. 520.20 on the BSE.
The scrip opened at Rs. 521.60 and has touched a high and low of Rs. 525.15 and Rs. 520.40 respectively. So far 19138 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 626.35 on 03-Jun-2024 and a 52 week low of Rs. 391.25 on 30-Nov-2023.
Last one week high and low of the scrip stood at Rs. 527.75 and Rs. 507.05 respectively. The current market cap of the company is Rs. 70116.21 crore.
The promoters holding in the company stood at 73.84%, while Institutions and Non-Institutions held 22.26% and 3.90% respectively.
Indian Bank has raised Rs 5000 crore through the allotment of 7.24%, Senior, Rated, Listed, Unsecured, Redeemable, Long Term Fully Paid-up Non-Convertible Bonds in the nature of Debentures Series I. Date of Allotment is September 13, 2024.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
