Tamilnad Mercantile Bank is a premier fast growing private sector bank in India based at Thoothukudi, Chennai. The bank has a long cherished history of more than 93 years of successful banking with strong fundamentals and a record of continuous profit making. It has a strong branch network of 450+ branches and 950+ ATMs. The bank has very strong balance sheet and hence the unlisted bank’s shares have become hotcake after the bank’s board proposed rewarding shareholders with a huge 500:1 bonus shares (500 bonus shares for each share held), payment of dividend of around Rs 4,000 per share, along with plans of conversion of shares from physical to demat mode, pre-IPO placement and IPO in its upcoming AGM on Friday, 29 January 2016.
We are market makers in shares of Tamilnad Mercantile Bank (TMB). Please contact to buy/sell shares of the TMB or any other shares or for more details and updates on 08108234400 or email on buysellunlistedshares@gmail.com
Updates on recent media coverage of TMB
Cover story on Friday, 25 January 2016 in Hindu Business Line Newspaper
http://www.thehindubusinessline.com/money-and-banking/no-early-end-in-sight-to-tmb-ownership-tussle/article8148257.ece
Follow-up article in The Hindu Newspaper on Friday, 25 January 2016
http://www.thehindu.com/news/cities/chennai/tamilnad-mercantile-bank-boardroom-battle-begins/article8154321.ece
Follow-up article in Business Standard Newspaper on Friday, 25 January 2016
http://www.business-standard.com/article/finance/tamilnad-mercantile-bank-s-board-elections-set-for-a-tough-contest-116012500084_1.html