Allahabad Bank is currently trading at Rs. 66.50, up by 0.45 points or 0.68% from its previous closing of Rs. 66.05 on the BSE.
The scrip opened at Rs. 66.25 and has touched a high and low of Rs. 67.20 and Rs. 65.60 respectively. So far 78057 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.50 on 12-May-2017 and a 52 week low of Rs. 57.00 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 68.30 and Rs. 64.55 respectively. The current market cap of the company is Rs. 5341.43 crore.
The promoters holding in the company stood at 65.92%, while Institutions and Non-Institutions held 21.89% and 12.20% respectively.
Allahabad Bank has received an approval for raising equity capital aggregating up to Rs 1000 crore (including premium) through Qualified Institutions Placement (QIP) in one or more tranches during Financial Year 2017-18 subject to all statutory and regulatory approvals in this regard. The board of directors at their meeting held on October 13, 2017, has approved for the same.
Earlier, the Bank is planning to raise Rs 2000 crore through various modes of securities.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
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