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Corporation Bank allots 86.90 crore equity shares to Govt. of India

Capital Market 

Govt. of India's stake in increases from 79.87% to 86.77%

has allotted 86,90,47,619 equity shares of 2 each at a premium of 27.40 per at an issue price of 29.40 per share to the on a preferential basis.

Consequent upon this the Issued, Subscribed and paid-up Capital of the Bank gets raised to 253,45,96,238 equity shares of Rs.21- each and holding gets increased from 86.77%.

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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 12 2018. 09:43 IST