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Allahabad Bank to raise funds up to Rs 4,000 crore

29 Jul 2019 Evaluate

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.

Allaha.Bank-Amalgama Share Price

15.15 0.00 (0.00%)
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