Allahabad Bank issued 210,733,352 shares to the Indian government.
The shares represent 7.03% of the bank's total shares, according to a May 29 release. The government's stake in the bank following the issue rose to 71.81% from 64.78%.
Allahabad Bank issues shares to Indian government
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Allahabad Bank issued 210,733,352 shares to the Indian government.
The shares represent 7.03% of the bank's total shares, according to a May 29 release. The government's stake in the bank following the issue rose to 71.81% from 64.78%.