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Oriental Bank of Commerce allots shares worth Rs 1186 crore to Govt

27 Mar 2019 Evaluate

Oriental Bank of Commerce has allotted 13,89,89,804 equity shares of  Rs 10 each at an Issue price (including premium) of Rs 85.33 per equity share aggregating up to Rs 1186 crore, to Government of India (President of India) on preferential basis on March 26, 2019.

Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business operations.

Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
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