Allahabad Bank to consider preferential allotment

A meeting of the Board of Directors of Allahabad Bank will be held on February 18, 2011, inter alia, to consider issue of equity shares to Govt. India on preferential allotment basis as advised by the Govt. of India Ministry of Finance vide their letter of date.

The stock was trading at Rs.204.15, down by Rs.1.45 or 0.71%. The stock hit an intraday high of Rs.207.15 and low of Rs.203.05.

The total traded quantity was 0.48 lakhs compared to 2 week average of 1.10 lakhs.

Source : Equity Bulls

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