Allahabad Bank has informed that the Bank has issued and allotted 2,91,81,274 equity shares of face value of Rs 10 each for cash at an Issue Price of Rs 96.98 per equity share including a premium of Rs 86.98 per equity share on preferential basis to Government of India (President of India). All the aforesaid new equity shares issued and allotted to Government of India (President of India) are / will be under lock-in for a period of three years from the date of trading approval from all the Stock Exchanges i.e. NSE & where the equity shares of the Bank are listed.
The above information is a part of company’s filings submitted to BSE.
