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Syndicate Bank gets nod for preferential allotment of Shares to govt

27 Feb 2019 Evaluate

Syndicate Bank has received an approval for issuance and allotment of requisite Equity Shares through preferential allotment to the Government of India against the amount of Rs 1603 crore received from Government of India on preferential basis. The Board of Directors of the Bank at its meeting held on February 27, 2019, approved the same. 

Syndicate Bank is one of the oldest and major commercial banks of India.

Peers
Company Name CMP
State Bank Of India 989.80
PNB 117.20
Bank Of Baroda 234.80
Canara Bank 123.50
Union Bank Of India 177.00
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