| 18-Mar-13 |
| Indian Overseas Bank has informed BSE that Government of India - Ministry of Finance - Department of Financial Services have indicated their intention to infuse capital funds to the Bank and advised the Bank to take all preparatory steps in this regard.
Accordingly, the Board at Its meeting held on January 30, 2013 has considered and approved
to issue bank's share of face value of Rs. 10/- with premium on preferential basis to Government of India and LIC of India (under its various schemes) up to an amount of Rs. 1,542 crore (including premium) (subject to final approval by Government of India for investing in Bank's shares under preferential allotment and LIC agreeing to invest in our shares under preferential allotment under its schemes at the same price determined under SEBIÆs ICDR regulations).
In this connection, Board has constituted a Committee of Directors and delegated the following powers to the Committee:
a. To create, offer, issue and allot equity shares of Rs. 10/- each (Rupees Ten only) for cash at such issue price as may be determined by the Committee of the Board in accordance with Regulation 76 (1) of SEBI ICDR Regulations aggregating (including premium) on receipt of funds from Govt, of India and LIC of India and its various schemes.
b. To fix the Issue Price of shares in accordance with SEBI/ICDR Regulations and determine the number of Shares to be issued to Government of India, LIC of India and its various schemes on a preferential basis up to Rs. 1542 crore.
c. To do all other matters incidental thereto.
Further the Board also considered and approved the convening of an Extraordinary General Meeting (E G M) of share-holders of the Bank on March 18, 2013 at Chennai for obtaining approval from shareholders for the aforesaid proposal so as to complete the formalities by March 31, 2013.
With reference to the earlier announcement January 30, 2013 about the decision taken at the Company's Board meeting held on January 30, 2013 about allotment of Equity Shares to Govt. of India on preferential basis and to constitute a Committee of Directors with powers delegated to carry out the same in compliance with SEBI -ICDR Regulations, Indian Overseas Bank has now informed BSE that the Committee of Directors for preferential issue of Shares met on February 19, 2013 and has fixed the price at Rs. 78.68 (Rs. Seventy Eight and sixty eight paise only) per Equity Share (including premium of Rs. 68.68 per equity share) in compliance with regulation 76(1) of SEBI ICDR Regulations) and determined to allot 12,70,97,102 equity shares to Govt. of India aggregating to Rs. 999,99,99,985.36 (including share premium) subject to receipt of funds from Govt. of India and approval by shareholders at the EGM to be held on March 18, 2013 at Chennai.
(As per BSE Announcement Dated on 19.02.2013)
Indian Overseas Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on March 18, 2013.
(As per BSE Announcement Dated on 26.02.2013)
Indian Overseas Bank has informed BSE regarding the details of Voting results at the Extra Ordinary General Meeting (EGM) of the Company held on March 18, 2013, under Clause 35A.
(As per BSE Announcement Dated on 19.03.2013)
Indian Overseas Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Bank was held on March 18, 2013.
(As per BSE Announcement Dated on 25.03.2013) |
| 21-Mar-12 |
| Indian Overseas Bank has informed BSE that:
Government of India - Ministry of Finance - Department of Financial Services has indicated their intention to infuse capital funds to the Bank and advised the Bank to take all preparatory steps in this regard.
Accordingly, the Board at their meeting held on January 28, 2012 has considered and approved the issue of Equity Shares on preferential basis to Government of India and in this connection constituted a Committee of Directors and delegated the following powers to the Committee:
a) To create, offer, issue and allot equity shares of Rs. 10/- each (Rupees Ten only) for cash in accordance with Regulation 76 of SEBI ICDR Regulations aggregating (including premium) on receipt of funds from Government of India.
b) To fix the Issue Price of Equity Shares in accordance with SEBI/ICDR Regulations and determine the number of Shares to be issued to Government of India on a preferential basis based on the amount of funds to be infused by Central Government,
c) To do all other matters incidental thereto.
Further the Board also considered and approved the convening of an Extraordinary General Meeting (EGM) of share-holders of the Bank on March 21, 2012 at Chennai for obtaining approval from shareholders for the aforesaid proposal so as to complete the formalities by March 31, 2012.
Indian Overseas Bank has informed BSE that an Extra Ordinary General Meeting (EGM) of the Bank will be held on March 21, 2012.
1. Authority to the Board of Directors of the Bank ('the Board' which shall be deemed to include any Committee which the Board may have constituted or hereafter constitute, to exercise its powers including the powers confined by this Resolution)
(a) To create, offer, issue and allot up to 17,12,32,876 (Seventeen Crore Twelve Lac Thirty Two Thousand Eight Hundred and Seventy Six) equity shares of Rs. 10/- each (Rupees Ten only) for cash at Issue Price of Rs. 97.82 per Equity Share (Including premium of Rs. 87.82 per Equity Share) as determined by the Board in accordance with Regulation 76 (1) of SEBI ICDR Regulations up to Rs. 1675 crore (Rupees Sixteen hundred and Seventy five Crore) only on preferential basis to Government of India (President of India)
(b) To create, offer, issue and allot up to 3,09,37,467 (Three Crore Nine Lac Thirty Seven Thousand Four Hundred and Sixty Seven) equity shares of Rs. 10/- each (Rupees Ten only) for cash at Issue Price of. Rs. 97.82 per Equity Share (Including premium of Rs. 87.82 per Equity Share) as determined by the Board in accordance with Regulation 76 (IV) of SEBI ICDR Regulations up to Rs. 302,63,03,022 (Rupees Three Hundred Two Crore Sixty Three Lac Three Thousand and Twenty Two) only on preferential basis to Life Insurance Corporation of India and / or various Schemes of LIC (LIC). (For more details kindly refer Corporate Announcements on www.bseindia.com).
(As Per BSE Announcement Website Dated on 28/02/2012)
Indian Overseas Bank has submitted to BSE a the details regarding the voting results of the Extra-ordinary General meeting held on March 21, 2012,
(a) 'To create, offer, issue and allot up to 17,12,32,876 (Seventeen Crore Twelve Lac Thirty Two Thousand Eight Hundred and Seventy Six) equity shares of Rs.lOA each (Rupees Ten only) for cash at Issue Price of Rs. 97.82 per Equity Share (Including premium of Rs. 87.82 per Equity Share) as determined by the Board in accordance with Regulation 76 (1) of SEBI ICDR Regulations up jo Rs. 1675 crore (Rupees Sixteen hundred and Seventy five Crore) only on preferential basis to Government of India (President of India)'.
(b) 'To create, offer, issue and allot up to 3,09,37,467 (Three Crore Nine Lac Thirty Seven Thousand Four Hundred and Sixty Seven) equity shares of Rs.lOA each (Rupees Ten only) for cash at Issue Price of Rs. 97.82 per Equity Share (including premium of Rs. 87.82 per Equity Share) as determined by the Board in accordance with Regulation 76 (IV) of SEBI ICDR Regulations up to Rs. 302,63,03,022 (Rupees
Three Hundred Two Crore Sixty Three Lac Three Thousand and Twenty Two) only on preferential basis to Life insurance Corporation of India and / or various Schemes of UC [LIC)'
(As Per BSE Announcement Website dated on 23.03.2012)
Indian Overseas Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on March 21, 2012.
(As Per BSE Announcement Website dated on 27.03.2012)
Indian Overseas Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on March 21, 2012.
(As Per BSE Announcement Website dated on 02.04.2012) |
| 29-Nov-11 |
| Indian Overseas Bank has informed the Exchange that the Board of Directors have at their meeting held on September 08, 2011 considered and approved the following:
(1) Convening of an Extraordinary General Meeting (EGM) of shareholders of the Bank on November 29, 2011 at Chennai for the election of Directors by the shareholders,other than the Central Government from amongst themselves.
(2) Fixation of the Cut Off Date as October 21, 2011 for the purpose of determining the eligibility of shareholders to participate and vote at the EGM.
Indian Overseas Bank has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Bank will be held on November 29, 2011, at 10.00 A.M. at Narada Gana Sabha (Sathguru Gnanananda Hall), 314 TTK Road, Chennai -600018 to transact the following business:
- To appoint three directors elected from amongst shareholders other than the Central Government pursuant to Section 9(3)(i) of the Act read with relevant Scheme, Regulations made thereunder and RBI Notification, as Directors of the Bank and that they shall assume office from December 08, 2011 being the date subsequent to the date when the present shareholder Directors retire and hold office until the completion of a period of three years from the date of their assumption of office as Directors.
(As Per BSE Announcement Dated on 08.11.2011)
Indian Overseas Bank has informed BSE regarding 'Election of three Shareholder Directors of the Bank and Cancellation of EGM scheduled on November 29, 2011'
Announcement:
'The Bank have received the following valid nominations for Election of Three Directors from amongst the shareholders of the Bank other than the Central Government.
1. Name of the Candidate : Sri. A. Vellayan
2. Name of the Candidate : Sri. Ajit Vasant Sardesai
3. Name of the Candidate : Prof. S. Sadagopan
As the number of valid nominations is same as the number of vacancies, in terms of Regulation 66 of the Indian Overseas Bank (Shares and Meetings) Regulations, 2003, the aforesaid three candidates are deemed to be elected on December 08, 2011 as Directors of the Bank.
In terms of Clause 9 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 they will assume office from December 08, 2011 and their term of office will be for a period of three years till December 07, 2014.
Accordingly, the Extraordinary General Meeting convened only for the purpose of election of Directors on November 29, 2011 stands cancelled.'
(As Per BSE Announcement Website dated on 22.11.2011) |
| 22-Mar-11 |
| Indian Overseas Bank has informed BSE that, in terms of the communication from Government of India, Ministry of Finance. Deportment of Financial Services vide letter dated February 15, 2011 conveying its decision to infuse Rs. 1054 crore (One Thousand Fifty Four crore only) by way of preferential allotment of Equity shores in favour of Government of India, the Board of Directors of the Bank at its meeting held on February 19, 2011, decided to initiate necessary steps to raise capital by creating offering, issuing and allotting such, number of equity shares of face value of Rs. 10/- each for cash at such price as may be determined by the Board in accordance with Regulation 76 (1) of SEBI ICDR Regulations and aggregating to Rs. 1954 crore on preferential basis to Government of India and to complete the formalities by March 31, 2011.
Further the Board considered and approved the convening of an Extra Ordinary General Meeting (E G M) of share holders of the bank on March 22, 2011, for obtaining approval from shareholders on above proposal.
Indian Overseas Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 22, 2011, inter alia, to create, offer, issue and allot 7,39,49,343 (Seven Crore Thirty Nine Lac Forty Nine Thousand Three Hundred Forty Three) equity shares of Rs. 10/- each (Rupees Ten only) for cash at such Issue Price as may be determined by the Board in accordance with Regulation 76 (1) of SEBI ICDR Regulations up to Rs. 1054 Crore (Rupees One Thousand Fifty Four Crore) Only on preferential basis to Government of India, subject to necessary provision & approvals.
(As Per BSE Announcement Dated on 25.02.2011)
Indian Overseas Bank has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Bank held on March 22, 2011, inter alia, have passed the special resolution approving to offer, issue and allot 7,39,49,343 (Seven Crore Thirty Nine Lac Forty Nine Thousand Three Hundred Forty Three) equity shares of Rs. 10 (Rupees Ten) each for cash at an issue price of Rs. 142.53 (including premium of Rs. 132.53) per equity share amounting to Rs. 1053,99,99,857.79 (Rupees One Thousand Fifty Three Crore Ninety Nine Lac Ninety Nine Thousand Eight Hundred Fifty Seven Paisa Seventy Nine Only) on preferential basis to Government of India.
(As Per BSE Announcement Dated on 28.03.2011) |
| 25-Nov-08 |
| Indian Overseas Bank (IOB) has informed BSE that the Board of Directors of the Bank at its meeting held on September 30, 2008, has considered and approved the following:
1. Convening of an Extraordinary General Meeting (EGM) of shareholders of the Bank on November 25, 2008 for the election of Directors by the shareholders, other than the Central Government, from amongst themselves.
2. Fixation of the Record Date as October 17, 2008 for the purpose of determining the eligibility of shareholders to participate and vote at the EGM.
Indian Overseas Bank (IOB) has informed BSE that the Extra Ordinary General Meeting (EGM) of shareholders of the Bank for election of three Shareholder Directors was held on November 25, 2008. The election was duly held thereat and based on the number of votes secured by the candidates, the following three candidates were declared elected as Shareholder Directors of the Bank.
1. Shri. Ashok Kumar Bhargava
2. Dr. Chiranjib Sen
3. Shri. A Vellayan
The aforesaid Shareholder Directors will assume office on December 08, 2008 and will hold office till December 07, 2011, in terms of sub-clause (i) of sub-section 3 of section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 read with Nationalised Banks (Management & Miscellaneous Provisions) Scheme, 1970, Indian Overseas Bank (Shares and Meetings), Regulations, 2003 and the Banking Regulations Act, 1949.
(As Per BSE Announcement Website dated on 01.12.2008)
Indian Overseas Bank (IOB) has submitted to BSE a copy of the minutes of the Extraordinary General Meeting of the shareholders of the Bank held on November 25, 2008.
(As Per BSE Announcement Website dated on 18.12.2008) |