Allahabad Bank gains on planning to raise Rs 3054 crore

30 Nov 2018 Evaluate

Allahabad Bank is currently trading at Rs. 47.95, up by 0.65 points or 1.37% from its previous closing of Rs. 47.30 on the BSE.

The scrip opened at Rs. 47.80 and has touched a high and low of Rs. 48.15 and Rs. 46.80 respectively. So far 237310 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 78.65 on 29-Nov-2017 and a 52 week low of Rs. 33.25 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 48.15 and Rs. 44.30 respectively. The current market cap of the Bank is Rs. 6793.99 crore.

The promoters holding in the Bank stood at 71.81%, while Institutions and Non-Institutions held 15.37% and 12.81% respectively.

Allahabad Bank is planning to raise equity capital of the Bank by an amount aggregating upto Rs 3054 crore through preferential allotment of new equity shares of the Bank to the Government of India against their capital infusion. The Board of Directors of the Bank at its meeting will be held on December 06, 2018 to consider the same.

Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.

Allaha.Bank-Amalgama Share Price

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