Tamilnad Mercantile Bank gets Sebi nod for IPO

The 101 year-old Tamilnad Mercantile Bank (TMB), has received Sebi's nod for its Initial Public Offer (IPO) under which the bank will issue 1.58 crore new shares and existing investors will sell 12,505 shares.

Tamilnad Mercantile Bank gets Sebi nod for IPO
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The 101 year-old Tamilnad Mercantile Bank (TMB), has received Sebi's nod for its Initial Public Offer (IPO) under which the bank will issue 1.58 crore new shares and existing investors will sell 12,505 shares.