IOB receives shareholders’ nod for Rs 4,100-crore infusion by govt

By: |
May 14, 2021 8:38 AM

The EGM was conducted through virtual mode.

The shares will be issued on a preferential basis.

Shareholders of Indian Overseas Bank (IOB) have given their approval for issuance of 246,54,23,932 equity shares to the government of India on a preferential basis for the capital infusion of Rs 4,100 crore. The EGM was conducted through virtual mode.

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