2023 2024 EduVark > Education Discussion > Banks Related


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November 2nd, 2017, 03:08 PM
Super Moderator
 
Join Date: Mar 2012
Re: Oriental Bank of Commerce Investor Relations

The Bank had made Initial Public Offer of 60 Million value offers of Rs. 10/ - each for money at a premium of Rs. 50/ - per share in October 1994. Further, the Bank had made Follow-on Public Offer of 58 Million Equity Shares of Rs. 10/ - each for money at a premium of Rs. 240/ - per share totaling Rs. 14500 Million in April 2005. Subsequently, the paid up value share capital has gone up to Rs. 2505.397 Million and the Government of India's stake in the offer capital of the Bank has boiled down to 51.09% from 66.48%.

The Bank issued and designated 4,12,21,482 value offers of Rs.10 each @ Rs.422.11 per share totaling to Rs.1739,99,99,767.00 in March 2011 to Government of India on particular premise. Accordingly the Paid up capital of the Bank expanded from 250.54 crores to 291.76 crore raising Govt. of India holding from 51.09% to 58%.

In December 2013, Bank issued and assigned 80,87,561 value offers of Rs.10 each @ Rs.185.47 per share conglomerating to Rs.149,99,99,939/ - to Government of India on particular premise bringing about increment in the Paid up capital of the Bank from 291.76 crores to 299.85 crore. Govt. of India holding has gone up from 58% to 59.13%.

The Bank has issued and distributed 2,15,48,758 value offers to Life Insurance Corporation of India on Preferential premise on 30th March 2016 regarding Chapter VII of SEBI (ICDR) Regulations 2009 (as corrected). In like manner, the Bank's Paid-up share capital has expanded from Rs.299.85 crore to Rs321.40 crore.

On 06th May 2016, the Bank issued 2,47,72,914 value offers to Government of India on Preferential premise as far as Chapter VII of SEBI (ICDR) Regulations 2009 which expanded the Bank's paid-up share capital of the Bank from Rs.321.40 crore to Rs.346.17 crore.

The value offers of the Bank are under obligatory dematerialization and 34.27 Crore shares are in dematerialized shape as on 30th June 2017. The Bank has a speculator construct of 1,28,273 investors as in light of 30th June, 2017.

Government of India
58.38%

FPIs and NRIs
6.18%

Banks,Financial Institutions and Insurance organizations
15.24%

Mutual Funds/UTIs and Trusts
10.37%

Others
09.83%

Oriental Bank of Commerce had informed SEBI that the Board of Directors of the Bank in its meeting held on April 25, 2015 had appointed M/s Link Intime india Pvt. Ltd as the new Registrar as well as Transfer Agent (RTA) of the Bank.


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