The four lenders raised a total sum of ₹6,155 crore through the QIP exercise, of which, ₹1,525 crore have come by selling shares to LIC. While Indian Overseas Bank closed its QIP earlier in the week, ...

CHENNAI: Indian Overseas Bank (IOB) on Thursday launched a qualified institutional placement (QIP) to raise Rs 2,000 crore. This will bring down the Centre's shareholding in the state-run bank.

State-run lender Indian Overseas Bank Ltd. has launched a Qualified Institutional Placement (QIP) to raise up to ₹2,000 crore. The base size of the issue is worth ₹1,000 crore and the bank will have ...