इण्डियन ओवरसीज़ बैंक Indian Overseas Bank
केन्द्रीय कार्यालय Central Office
चेन्नै Chennai - 600 002
Chennai, May 13,
2021: Indian Overseas Bank on 12.05.2021
convened an Extraordinary General Meeting of the Shareholders and obtained
their approval for issuance of 246,54,23,932 equity shares to GOI on
preferential basis for the Capital infusion of Rs. 4100 crores by GOI. The EGM was conducted through virtual medium and
was attended by Directors, Shareholders and other stakeholders of the Bank.
The
issue price of equity share is Rs. 16.63 per share (including share premium of
Rs. 6.63 per share). Out of Rs. 4,100 crore, an amount of Rs. 2,465.42 crore
will be credited to Share Capital Account and Rs. 1,634.58 crore will be
credited to Share Premium Account. Accordingly, the shareholding of Government
of India will increase from 95.84% to 96.38%.
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