Tag Archives: rights issue

CHENNAI: The Annual General Meeting (AGM) of Indian Bank approved a special resolution, enabling the public sector bank to raise up to Rs 5,000 crore through Qualified Institutional Placement, follow-on public offers, rights issue, or in combination, through one or more tranches. The special resolution was approved during the bank’s AGM held in June, the minutes of the meeting were …

MUMBAI: The board of Tata Capital, which is preparing for an initial public offering (IPO), will meet on Tuesday to discuss a potential fund-raise through a rights issue. The Reserve Bank of India has classified Tata Capital as an upper-layer non-banking financial services company (NBFC) and has directed the firm to list its shares by September. Tata Sons, which has …