Corporate Announcement
Security Code : 532388    Company : IOB    
 
Allotment Of Equity Shares To Government Of India (President Of India) On Preferential BasisDownload PDF Download XBRL
  Exchange Received Time  28/03/2018 19:01:01         Exchange Disseminated Time   28/03/2018 19:01:05              Time Taken   00:00:04
Further to our letter no. IRC/81/2017-18 dated 28.03.2018, we wish to inform that consequent to the passing of Special Resolution by shareholders at the Extraordinary General Meeting of the Bank held today ie. on 28th March 2018 and on receipt of necessary approvals, the Committee of the Board for Issue of Equity Share Capital at its meeting held on 28.03.2018 has allotted 203,82,11,029 equity shares of Rs. 10 each at an issue price of Rs. 23.03 per equity share(including premium of Rs. 13.03 per equity share) to Government of India (President of India) by way of preferential allotment under SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009.With this allotment, GOI holding has increased to 89.74%.

The paid up capital of the Bank now stands increased to Rs. 4890.77 crore consisting of 489,07,69,975 equity shares of Rs. 10/- each.

The above information is submitted under Regulation 30 of SEBI (LODR) Regulations, 2015.
 

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