Allahabad Bank is planning to raise up to Rs 4,000 crore equity capital through various means, including rights issue or FPO. A meeting of Share Issue and Allotment Committee (SIAC) of board of directors of the bank is scheduled to be held July 31, 2019, to consider the modes/modalities of raising the equity capital of the bank, aggregating up to Rs 4,000 crore already approved by the board.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
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