Allahabad Bank has completed the allotment of 2,95,15418 equity shares to the Centre as a part of its capital infusion process.
The Centre, which previously held 55.23 per cent of the shares in the bank, will now hold a stake of 58 per cent following a capital infusion of Rs 670 crore. The bank allotted the equity shares of Rs 10 each at a premium of Rs 217 a share.
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