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Our Bureau

Chennai, Feb. 10

Indian Bank has fixed the price at Rs 91 (upper end of the price band) per share for its initial public offer of 85,950,000 equity shares of Rs 10 each for cash at a premium, according to a press release issued by the bank. The Chennai-based bank's IPO, which closed on February 9, was oversubscribed by 32.09 times on the Bombay Stock Exchange and National Stock Exchange. The shares will be listed on both exchanges.

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Bankers brace for the squeeze

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