Allahabad Bank is currently trading at Rs. 41.40, up by 0.20 points or 0.49% from its previous closing of Rs. 41.20 on the BSE.
The scrip opened at Rs. 40.95 and has touched a high and low of Rs. 42.40 and Rs. 40.45 respectively. So far 228443 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.15 on 26-Oct-2017 and a 52 week low of Rs. 37.40 on 16-May-2018.
Last one week high and low of the scrip stood at Rs. 45.25 and Rs. 39.10 respectively. The current market cap of the company is Rs. 4403.70 crore.
The promoters holding in the company stood at 64.78%, while Institutions and Non-Institutions held 19.87% and 15.35% respectively.
Allahabad Bank has received shareholder’s approval to raise funds up to Rs 1,900 crore through issuance of equity shares via different means. The funds will be raised through qualified institutional placement, follow-on public offer (FPO), rights issue or in combination. The annual general meeting of shareholders of the company held on June 27, 2018, approved the same.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
