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Allahabad Bank plans to raise up to Rs 1000 crore

Capital Market 

Through QIP issue

The Share Issue and Allotment Committee of the Board of Directors of at its meeting held on 13 October 2017 has accorded approval for raising of equity capital of aggregating up to Rs 1000 crore (including premium) through Qualified Institutional Placement in one or more tranches during FY 2017-18 subject to all statutory and regulatory approval in this regard.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 13 2017. 17:15 IST