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Allahabad Bank issues shares worth Rs 418 cr on pref basis

Press Trust of India  |  New Delhi 

today said it has issued over 5.65 crore equity on preferential basis to the at an issue price of Rs 73.95 each.

"...The has on date issued and allotted 5,65,24,678 new equity of face value of Rs 10 of the to the of .. For at an issue price of Rs 73.95 per equity share," Bank said in a regulatory filing.

At this rate, the total value of allotted to the stands over Rs 417.99 crore.

The issue price includes a premium of Rs 63.95 per equity share.

Shares of Bank closed at Rs 71.85 a unit, up by 0.77 per cent compared to previous close, on the today.

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

First Published: Mon, August 07 2017. 22:22 IST