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EQUITY - MARKET SCREENER

Tata Steel Ltd
Industry :  Steel - Large
BSE Code
ISIN Demat
Book Value()
500470
INE081A01020
109.7530456
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
TATASTEEL
16.64
224516.24
EPS(TTM)
Face Value()
Div & Yield %
10.81
1
0
 

Board of Indian Bank approves capital raising and infra bonds issuance
May 22,2024
The Board of Indian Bank at its meeting held on 22 May 2024 has approved fund/ capital raising plan of the Bank as under:

(a) Raising Equity Capital of the Bank aggregating upto Rs.5000 Crore (including premium) through various modes viz. QIP/ FPO/ Rights Issue or in combination thereof subject to approval of Govt. of India, Reserve Bank of India and in compliance with other statutory/regulatory provisions in this regard.

(b) Raising AT 1/ Tier-2 Capital aggregating upto Rs.2000 crore through issuance of Basel III Compliant AT 1 Perpetual Bonds / Tier 2 Bonds in one or more tranches during the current or subsequent financial years based on the requirement.

(c) Raising Long Term Infrastructure Bonds aggregating upto Rs.5000 crore in one or more tranches during the current or subsequent financial years based on the requirement, for financing/refinancing of Infrastructure and Affordable Housing in compliance with applicable RBI guidelines and other applicablelaws, rules and regulations.