Allahabad Bank raises BASEL III compliant Tier 2 Bonds aggregating to Rs. 1000.00 crore through Private Placement19:11

Allahabad Bank has successfully raised BASEL III compliant Tier 2 Bonds aggregating to Rs. 1000.00 crore through Private Placement. The said Tier 2 Bonds are eligible for inclusion in Tier 2 Capital of Bank.

Shares of ALLAHABAD BANK was last trading in BSE at Rs.70.95 as compared to the previous close of Rs. 70.15. The total number of shares traded during the day was 79179 in over 731 trades.

The stock hit an intraday high of Rs. 71.15 and intraday low of 70. The net turnover during the day was Rs. 5598096.

Source : Equity Bulls

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