Allahabad Bank allots shares worth Rs 6896 crore to govt

Allahabad Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532480 | NSE: ALBK

25 Apr 2019 Evaluate

Allahabad Bank has issued and allotted 162,48,82,186 new equity shares of face value of Rs 10 of the Bank on preferential basis to the Government of India (President of India) at an Issue Price of Rs 42.44 per equity share including a premium of Rs 32.44 per equity share aggregating to Rs 6895,99,99,973.84 against their capital infusion of Rs 6896.00 crore in the Bank for FY 2018-19.

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	985.60
PNB	117.70
Bank Of Baroda	234.40
Canara Bank	124.70
Union Bank Of India	177.90
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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