Latest Updates Around The World
Indian Overseas Bank (IOB) and Punjab & Sind Bank have announced plans to raise Rs 4,000 crore and Rs 3,000 crore respectively by selling shares to institutional investors this quarter.IOB Managing Director Ajay Kumar Srivastava said on Wednesday that the bank has received all required approvals for the qualified institutional placement and is now in […]
The government on Tuesday decided to exercise the green shoe option with the clear intention of offloading 6 percent stake in Bank of Maharashtra (BoM) through an offer for sale, following overwhelming response from investors on the first day of subscription. BoM’s OFS opened for subscription to non-retail investors earlier on Tuesday at a floor […]
The government has decided to divest a stake of up to 6 percent in state-owned Bank of Maharashtra through a sale offer effective Tuesday. At the current market price, the government could raise about Rs 2,600 crore by divesting up to 6 percent stake in the bank. “The Bank of Maharashtra (BOM) offer for sale […]
