Allahabad Bank Raises Rs.500 Crores through Tier II Bonds (Series VII)

Allahabad Bank has announced that the Bank has raised Unsecured, Non-convertible, Redeemable, Subordinated Debts Tier II (Series VII) Bonds by way of private placement basis aggregating to Rs 500.00 Crores.

The issue opened on date i.e. September 21, 2007 and the same has been subscribed on date.

The stock closed the day at Rs.98.95, up by Rs.0.95 or 0.97%. The stock hit an intraday high of Rs.99.50 and low of Rs.93.55.

The total traded quantity was 191895 compared to 2 week average of 189474.

Source : Equity Bulls

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