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BUZZ-India's Vijaya Bank falls on share sale
August 29, 2017 / 5:48 AM / 4 months ago

BUZZ-India's Vijaya Bank falls on share sale

** Shares of state-run Vijaya Bank fall as much as 3.2 pct to 68.60 rupees, their biggest intraday pct drop since Aug. 18

** The lender said on Monday it launched a share sale to institutional investors with floor price set at 66.36 rupees per share

** Sale involves base deal of 4.5 bln rupees with option for an increase of 2.5 bln rupees, IFR reports

** Up to Monday’s close, stock had risen 49.3 pct this year

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