SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Allahabad Bank raises Rs 600 crore on private placement basis

09 Nov 2017 Evaluate

Allahabad Bank has successfully raised Additional Tier 1 (AT 1) Capital of Bank through Private Placement of AT 1 Perpetual Bonds Series III aggregating to Rs 600.00 crore at an annual coupon of 9.34% p.a., discovered through Electronic Bidding Mechanism of NSE (NSE EBP).

Earlier, the bank had received an approval for raising Additional Tier 1 capital of the bank aggregating up to Rs 2,000 crore through Private Placement in one or more tranches during FY 2017-18.

Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.


Allaha.Bank-Amalgama Share Price

15.15 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1107.60
PNB 113.75
Canara Bank 142.70
Bank Of Baroda 280.85
Union Bank Of India 189.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×