Given the brand's consistent performance on similar charts, Tata beating out competitors comes as no surprise
The bonds would be of 10-year maturity, with a yield of 9.5-10 percent
LIC, the country's largest and the only state-owned life insurer, bought nearly 4.52 percent shares in Dena Bank in a period between May 23 to September 18, the bank said in a regulatory filing.
"A meeting of the Board of Directors of the bank will be held on March 3, 2016, inter alia, to consider the proposal for issue of equity shares to Life Insurance Corporation of India (LIC) through preferential issue up to Rs 226 crore," Vijaya Bank said in a BSE filing.
"The bank has allotted 2 crore equity shares to Life Insurance Corporation of India (LIC) on preferential basis at the price of Rs 132.06 per share," it said in a regulatory filing today.