City Union Bank allot shares at Rs.169 on preferential basis

City Union Bank Ltd has announced that a meeting of the Board of Directors of the Bank will be held on March 29, 2007, to consider and make allotment of 12,00,000 Equity Shares of Rs 10/- each at a price of Rs 169/- per share (including a share premium of Rs 159/- per share) on preferential basis pursuant to the special resolution passed by the members of the Bank at their Extra Ordinary General Meeting held on December 29, 2006 and the approval thereof received from Reserve Bank of India.

Source : Equity Bulls

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