Syndicate Bank allots 41312457 shares to LIC of India at Rs. 52.51

Upon receipt of funds from LIC India, Syndicate Bank has, on March 31, 2016 allotted 4,13,12,457 (Four Crore thirteen Lakh twelve thousand four hundred and fifty seven only) equity shares of face value of Rs. 10/- each for cash at an issue price of Rs. 52.51 (Rupees Fifty two and paise fifty one only) determined in accordance with Regulation 76 (4) of SEBI (ICDR) Regulations aggregating upto Rs. 216,93,17,117.07 on preferential basis to LIC of India.

Shares of SYNDICATE BANK was last trading in BSE at Rs.67.7 as compared to the previous close of Rs. 66.05. The total number of shares traded during the day was 540775 in over 2698 trades.

The stock hit an intraday high of Rs. 68.5 and intraday low of 63.05. The net turnover during the day was Rs. 35928915.

Source : Equity Bulls

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