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#1
September 27th, 2017, 11:26 AM
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| Govt Share in Oriental Bank of Commerce
Do you know how many percentages of Shares of Govt. in Oriental Bank of Commerce? Tell me about all Share Holders of Oriental Bank of Commerce with Govt share percentages?
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#2
September 27th, 2017, 11:48 AM
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| Re: Govt Share in Oriental Bank of Commerce
The Govt. holds 58.38% shares in total shares of Oriental Bank of Commerce. Share Holders for Oriental Bank of Commerce: Government of India 58.38% FPIs & NRIs 6.18% Banks,Financial Institutions & Insurance companies 15.24% Mutual Funds/UTIs & Trusts 10.37% Others 09.83% The Bank had made Initial Public Offer of 60 Million equity shares of Rs. 10/- each for cash 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 cash at a premium of Rs. 240/- per share aggregating Rs. 14500 Million in April 2005. As a result, the paid up equity share capital has gone up to Rs. 2505.397 Million and the Government of India’s stake in the share capital of the Bank has come down to 51.09% from 66.48%. |