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Jan 22 2007 12:00AM
Indian Bank to raise up to Rs 782 crore from IPO ; Price band of Rs 77 to Rs 91 per share
State-run Indian Bank plans to raise up to Rs 782 crore in an initial public offering (IPO) of 20% of its capital. The IPO will be open for subscription on 5 February 2007 and will close on 9 February 2007. The bank has set price band of Rs 77 - Rs 91 per share. Lots of value will be unlocked from our hidden assets in the next three to four years, and investors will benefit from it, Indian Bank chairman & managing director K C Chakrabarty told a press conference. Our bad-loans recovery has been robust and it will continue to be robust, he informed.|
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