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Allahabad Bank raises Rs 3,054 crore on preferential basis

19 Feb 2019 Evaluate

Allahabad Bank has raised Rs 3,054.00 crore through issuance and allotment of 65,28,43,095 new equity shares on Preferential basis of face value of Rs 10 each to the Government of India for cash at an issue price of Rs 46.78 per equity share including a premium of Rs 36.78 per equity share.

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 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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