Syndicate Bank approves preferential allotment of shares in favour of Government of India

Syndicate Bank has, on September 30, 2016 allotted 10,60,39,901 (Ten Crore Sixty Lakh thirty nine thousand nine hundred and one only) equity shares of face value of Rs. 10/- each for cash at an issue price of Rs. 73.18 (Rupees Seventy three and paise eighteen only) determined in accordance with Regulation 76 (1) of SEBI (ICDR) Regulations aggregating upto Rs. 776.00 Crore (Rupees Seven hundred and seventy six Crore Only) on preferential basis to Government of India.

Shares of SYNDICATE BANK was last trading in BSE at Rs.73.25 as compared to the previous close of Rs. 72.7. The total number of shares traded during the day was 256966 in over 1550 trades.

The stock hit an intraday high of Rs. 74.1 and intraday low of 71.8. The net turnover during the day was Rs. 18750973.

Source : Equity Bulls

Keywords