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 |
|---|---|
| State Bank Of India | 1044.10 |
| PNB | 105.80 |
| Bank Of Baroda | 246.65 |
| Canara Bank | 125.05 |
| Union Bank Of India | 168.55 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: