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Board of Allahabad Bank approves capital raising fund

Capital Market 

On 17 May 2017

announced that the Board of Directors of the on 17 May 2017 has approved the capital raising plan of as under -

Raising of equity capital of aggregating up to Rs 2000 crore (including premium) through various modes.

Raising of Additional Tier I capital of aggregating up to Rs 2000 crore and Tier 2 capital of aggregating up to Rs 1000 crore during FY 2017-18.

The Board of Directors of the has not recommended any dividend for financial year 2016-17.

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

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Board of Allahabad Bank approves capital raising fund

On 17 May 2017

On 17 May 2017

announced that the Board of Directors of the on 17 May 2017 has approved the capital raising plan of as under -

Raising of equity capital of aggregating up to Rs 2000 crore (including premium) through various modes.

Raising of Additional Tier I capital of aggregating up to Rs 2000 crore and Tier 2 capital of aggregating up to Rs 1000 crore during FY 2017-18.

The Board of Directors of the has not recommended any dividend for financial year 2016-17.

Powered by Capital Market - Live News

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

image
Business Standard
177 22

Board of Allahabad Bank approves capital raising fund

On 17 May 2017

announced that the Board of Directors of the on 17 May 2017 has approved the capital raising plan of as under -

Raising of equity capital of aggregating up to Rs 2000 crore (including premium) through various modes.

Raising of Additional Tier I capital of aggregating up to Rs 2000 crore and Tier 2 capital of aggregating up to Rs 1000 crore during FY 2017-18.

The Board of Directors of the has not recommended any dividend for financial year 2016-17.

Powered by Capital Market - Live News

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

image
Business Standard
177 22