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Home INTERNATIONAL Of course Bank ground price at Rs 12/share for FPO minimum bid...

Of course Bank ground price at Rs 12/share for FPO minimum bid lot 1,000 shares

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Personal sector lender Indeed Bank on Friday stated it has established a floor price of Rs 12 for each share to increase up to Rs 15,000 crore by follow-on public offer (FPO), which opens on July 15.&#13
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The capital increasing committee (CRC) of the bank’s board at its meeting “has approved ground price of Rs 12 per equity share”, Certainly Bank stated in a BSE filing.&#13
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The cap price for the FPO is Rs 13 for each unit.&#13
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It has also set “a least bid lot of 1,000 equity shares and in the multiples of 1,000 equity shares thereafter”.&#13
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The lender has declared a discount of Re 1 for every equity share for the suitable staff of the bank bidding in employee reservation part.&#13
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Certainly Bank said a conference of the CRC is scheduled to be held on July 14, 2020 for the needs of allocation of equity shares to the productive anchor traders pursuant to the offer and for dedication of the anchor trader allocation price.&#13
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Yes Bank’s FPO offer will open on July 15, 2020 and close on July 17, 2020.&#13
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Before this week Yes Bank had been given acceptance from the CRC to increase money by means of the featuring.&#13
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The bank experienced filed a red herring prospectus dated July 7, 2020 (RHP), in link with the offer, with the Registrar of Firms, Maharashtra at Mumbai. Indeed bank’s offer measurement of the FPO is Rs 15,000 crore, by way of a new issue of equity shares, together with an personnel reservation part of up to Rs 200 crore.&#13
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The govt committee of State Bank of India’s central board has presented approval for a maximum investment of up to Rs 1,760 crore in the FPO of Indeed Bank, an SBI assertion reported on Wednesday.&#13
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On March 13, the government experienced authorized a bailout strategy for Indeed Bank. Below the plan, Yes Bank experienced gained all around Rs 10,000 crore from eight monetary institutions, like Rs 6,050 crore from SBI.&#13
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Shares of Certainly Bank were investing over 5 per cent decrease at Rs 25.30 apiece on the BSE.&#13

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