Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Indian Overseas Bank gets nod to issue up to 18.24 crore shares under ESPS scheme

06-Dec2018

Indian Overseas Bank gets nod to issue up to 18.24 crore shares under ESPS scheme

Indian Overseas Bank has received an approval for the issue and allotment of up to 18.24 crore equity shares of the Bank to eligible employees of the bank under the Indian Overseas Bank-Employee Stock Purchase Scheme 2018 (IOB-ESPS 2018) for cash at an Issue Price including share premium (at a discount to the prevailing market price) as determined by the Committee of Directors for Issue of Equity Share Capital to all the Eligible Employees of the Bank. The Board of Directors of the Bank on December 05, 2018, by Circular Resolution approved the same.

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.


Related News

View all news

Axis Bank gains on offering home-loan with higher principal repayment component

Axis Bank is currently trading at Rs. 620.00, up by 0.65 points or 0.10% from its previous closing of Rs. 619.35 on the BSE.The scrip opened at Rs. 625.00 and has touched a high and low of Rs. 625.40 and......

IndiGo surges on launching new offer on international flight tickets from Rs 3,299

Interglobe Aviation is currently trading at Rs. 1063.85, up by 36.75 points or 3.58% from its previous closing of Rs. 1027.10 on the BSE.The scrip opened at Rs. 1040.00 and has touched a high and low of......

HUDCO shines on raising funds worth Rs 1980 crore

Housing & Urban Development Corporation is currently trading at Rs. 43.00, up by 0.50 points or 1.18% from its previous closing of Rs. 42.50 on the BSE.The scrip opened at Rs. 42.55 and has touched......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......