Allahabad Bank allots 4,45,83,147 Equity Shares on Preferential basis to Government of India

Allahabad Bank has allotted 4,45,83,147 (Four Crore Forty Five Lac Eighty Three Thousand One Hundred and Forty Seven) equity shares of face value of Rs. 10/- (Rupees Ten only) each for cash at an Issue Price of Rs. 89.72 (Rupees Eighty Nine and Paise Seventy Two only) per equity share including premium of Rs. 79.72 (Rupees Seventy Nine and Paise Seventy Two only) on preferential basis to Government of India (President of India).

Shares of Allahabad Bank was last trading BSE at Rs.95.15, up by Rs.1.95 or 2.09%. The stock hit an intraday high of Rs.96 and intraday low of Rs.94.

The total traded quantity was 2.99 lakh shares as compared to 2 week average of 2.90 lakh shares.

Source : Equity Bulls

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