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TMB, a century-old Bank, has received approval from the SEBI to launch an initial public offering (IPO)
TAMILNAD MERCANTILE BANK LIMITED
Created at 06 Jun 2022 15:15

The Tamilnad Mercantile Bank, also known as TMB, one of India's oldest private sector bank, has received permission and final observations from the Securities and Exchange Board of India (SEBI) (IPO). The 100-year-old bank's initial public offering comprises a new issue of 15,827,495 equity shares and an offer for sell up to 12,505 equity shares.

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