Out of the approval for raising Equity Capital of Allahabad Bank by an amount aggregating upto Rs. 1900.00 crore (including premium) by way of issue, offer and allotment of new equity shares either by way of Public Issue, Rights Issue, Qualified Institutions Placements (QIPs) or in combination thereof already accorded by the Board of Directors and Shareholders, the Share Issue and Allotment Committee of Board of Directors of the Bank in its meeting held on date has accorded approval for raising of equity capital of the Bank by an amount aggregating upto Rs. 1500.00 crore (including premium) through Qualified Institutions Placement (QIP) in one or more tranches during Financial Year 2018-19 subject to all statutory and regulatory approvals in this regard.
Shares of ALLAHABAD BANK was last trading in BSE at Rs.39.65 as compared to the previous close of Rs. 39.85. The total number of shares traded during the day was 253635 in over 910 trades.
The stock hit an intraday high of Rs. 40.35 and intraday low of 39.05. The net turnover during the day was Rs. 10069659.