Indian Bank launches Rs 4,000-crore QIP; shares rise
Indian Bank share price, Indian Bank QIP news: Indian Bank shares rose on Wednesday after the Chennai-headquartered public sector bank launched a qualified institutional placement (QIP) worth up to Rs 4,000 crore at a floor price of Rs 414.4 apiece.
The company's board will meet on December 15 to decide on the issue price of equity shares. Image: Freepik/ Representational image