Oriental Bank of Commerce allots 13,89,89,804 equity shares

Pursuant to the approval of the Board of Directors, Oriental Bank of Commerce has allotted 13,89,89,804 equity shares of Rs.10/- each at an Issue price (including premium) of Rs.85.33 per equity share aggregating upto Rs.1186 crore to Government of India (President of India) on preferential basis on 26.03.2019.

Shares of ORIENTAL BANK OF COMMERCE was last trading in BSE at Rs.108.25 as compared to the previous close of Rs. 106.45. The total number of shares traded during the day was 322060 in over 1139 trades.

The stock hit an intraday high of Rs. 108.95 and intraday low of 106. The net turnover during the day was Rs. 34653317.

Source : Equity Bulls

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