Allahabad Bank shines on raising Rs 459.40 crore via preferential issue

03 Apr 2012 Evaluate

Allahabad Bank is currently trading at Rs. 191.10, up by 2.65 points or 1.41% from its previous closing of Rs. 188.45 on the BSE.

The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 191.20 and Rs. 189.30 respectively. So far 24591 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 236.80 on 06-Apr-2011 and a 52 week low of Rs. 113.60 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 191.95 and Rs. 175.65 respectively. The current market cap of the company is Rs. 9057.62 crore.

The promoters holding in the company stood at 58.00% while Institutions and Non-Institutions held 29.70% and 12.29% respectively. 

State-owned Allahabad Bank has raised Rs 459.40 crore by issuing shares to Life Insurance Corporation (LIC) on preferential basis. The bank has allotted 2.3 crore shares of Rs 10 each at a premium of Rs 182.94 amounting to Rs 459.40 crore on preferential allotment basis to LIC and its various scheme.

The Kolkata-based bank got a capital infusion of Rs 670 crore from the government in 2010-11.

The bank reported a rise of 34.78% in its net profit of Rs 560.43 crore for the quarter ended December 31, 2011 as compared to Rs 415.80 crore for the same quarter in the previous year. Total income increased by 36.85% from Rs 3113.09 crore for Q3FY11 to Rs 4260.28 crore in the quarter under review.

Allaha.Bank-Amalgama Share Price

15.15 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 799.55
Bank Of Baroda 245.00
Canara Bank 100.45
PNB 101.55
Union Bank Of India 117.85
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.