Oriental Bank of Commerce to consider preferential allotment along with Q2 results

Oriental Bank of Commerce has announced with reference to the meeting of the Board of Directors of the Bank to be held on October 30, 2013, to take on record the Reviewed Financial Results of the Bank for the quarter / half year ended September 30, 2013, that the said meeting shall also consider infusion of capital by way of preferential allotment of equity shares in favour of Government of India amounting to Rs.150 crore (Rupees One hundred and fifty crore only).

Shares of Oriental Bank of Commerce was last trading in BSE at Rs.194.20, up by Rs.13.35 or 7.38%. The stock hit an intraday high of Rs.205.95 and low of Rs.176.

The total traded quantity was 19.93 lakhs as compared to 2 week average of 4.81 lakhs.

Source : Equity Bulls

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