Syndicate Bank allots equity shares to LIC

On preferential basis

Syndicate Bank announced that upon receipt of funds from LIC India, the Bank has, on 31 March 2016 allotted 4,13,12,457 (Four Crore thirteen Lakh twelve thousand four hundred and fifty seven only) equity shares of face value of Rs. 10/- each for cash at an issue price of Rs. 52.51 (Rupees Fifty two and paise fifty one only) determined in accordance with Regulation 76 (4) of SEBI (ICDR) Regulations aggregating upto Rs. 216,93,17,117.07 on preferential basis to LIC of India.,

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