Allahabad Bank has informed that a meeting of Board of Directors of the Bank is scheduled to be held on August 12, 2016, to consider and approve the Un-audited Financial Results of the Bank for the quarter ended on June 30, 2016 (Q1); Proposal for raising equity capital of the Bank by way of Preferential Issue and Qualified Institutions Placement (QIP); and Proposal for raising Additional Tier 1 and Tier 2 Capital of the Bank through Private Placement of Basel III compliant Additional Tier 1 and Tier 2 Bonds.
The above information is a part of company’s filings submitted to BSE.
