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Allahabad Bank planning to raise equity capital through various modes

08 May 2018 Evaluate

Allahabad Bank is planning to raise equity capital through various modes viz, Follow on Public Offer (FPO)/Rights Issue/ Qualified Institutional Placement (QIP) etc. The meeting of the Board of Directors of the Bank will be held on May 11, 2018, to consider the same.

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


Peers
Company Name CMP
State Bank Of India 980.95
PNB 117.50
Bank Of Baroda 235.25
Canara Bank 125.20
Union Bank Of India 178.85
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