Indian Overseas Bank approves ₹5,000 crore fund raise via FPO, QIP, rights issue
Public-sector lender Indian Overseas Bank on Thursday (May 21) said its board has approved a capital raising plan of up to ₹5,000 crore for FY27. The bank said the equity capital may be raised through follow-on public offer, rights issue, qualified institutional placement, preferential issue or a combination of these, in one or more tranches,…
