"Bank has issued and allotted 7,17,00,000 shares of Rs 10 each to Life Insurance Corporation of India at an issue price of Rs 37.74 per share, including a premium of Rs 27.74 on preferential basis," it said in a regulatory filing.
The above shares will be under lock-in for one year from the date of trading from the stock exchanges -- NSE and BSE -- where the shares of the bank are listed, it added.
The stock closed 1.05 per cent higher at Rs 33.65 on BSE.
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