Syndicate Bank allots 95127908 shares in favour of Government of India

Syndicate Bank has, on May 05, 2016 allotted 9,51,27,908 (Nine Crore fifty one Lakh twenty seven thousand nine hundred and eighty only) equity shares of face value of Rs. 10/- each for cash at an issue price of Rs. 77.79 (Rupees Seventy seven and paise seventy nine only) determined in accordance with Regulation 76 (1) of SEBI (ICDR) Regulations aggregating to Rs. 740.00 Crore (Rupees Seven hundred forty Crore Only) on preferential basis to Government of India.

The listing application will be filed shortly.

Shares of SYNDICATE BANK was last trading in BSE at Rs.65.85 as compared to the previous close of Rs. 66.6. The total number of shares traded during the day was 160314 in over 1124 trades.

The stock hit an intraday high of Rs. 67.2 and intraday low of 65.5. The net turnover during the day was Rs. 10627820.

Source : Equity Bulls

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