Allahabad Bank issue at Rs 75-82

Allahabad Bank has fixed its share price band at between Rs 75 and Rs 82 per share for its second, ongoing, public issue.

The government's stake will decline to 53 per cent from 74 per cent after the issue.

It opened on April 6 and will remain open till April 12.

The issue is being made to augment capital base of the Bank and meet its future capital requirements arising due to Basel-II implementation.