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| Exchange Disseminated Time | | With reference to the earlier announcement January 30, 2013 about the decision taken at the Company's Board meeting held on January 30, 2013 about allotment of Equity Shares to Govt. of India on preferential basis and to constitute a Committee of Directors with powers delegated to carry out the same in compliance with SEBI -ICDR Regulations, Indian Overseas Bank has now informed BSE that the Committee of Directors for preferential issue of Shares met on February 19, 2013 and has fixed the price at Rs. 78.68 (Rs. Seventy Eight and sixty eight paise only) per Equity Share (including premium of Rs. 68.68 per equity share) in compliance with regulation 76(1) of SEBI ICDR Regulations) and determined to allot 12,70,97,102 equity shares to Govt. of India aggregating to Rs. 999,99,99,985.36 (including share premium) subject to receipt of funds from Govt. of India and approval by shareholders at the EGM to be held on March 18, 2013 at Chennai. |
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