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14-Sep2018

Allahabad Bank rises on the bourses

Allahabad Bank is currently trading at Rs. 40.75, up by 1.00 points or 2.52% from its previous closing of Rs. 39.75 on the BSE.

The scrip opened at Rs. 40.60 and has touched a high and low of Rs. 40.80 and Rs. 40.25 respectively. So far 38356 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.15 on 26-Oct-2017 and a 52 week low of Rs. 37.40 on 16-May-2018.

Last one week high and low of the scrip stood at Rs. 42.05 and Rs. 39.05 respectively. The current market cap of the company is Rs. 4245.48 crore.

The promoters holding in the company stood at 71.81%, while Institutions and Non-Institutions held 15.57% and 12.61% respectively.

Allahabad Bank is going to decide the modes/modalities of raising the equity capital of the Bank within the aforesaid overall limit of Rs 1900 crore (including premium). The meeting of Share Issue and Allotment Committee (SIAC) of Board of Directors of the Bank is scheduled to be held on September, 19, 2018, to consider the same.

Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.


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