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Monday, January 13, 2014

Syndicate Bank allots 2.26 cr shares to Govt

Syndicate Bank upon receipt of funds from the Government today has allotted 2.26 crore equity shares of face value of Rs 10 each for cash at a premium of Rs 78.36.

The bank recently received Rs 200 crore from the Centre.

The bank’s note to the exchanges said the allotment has been determined in accordance with Regulation 76 (1) of the SEBI (ICDR) Regulations aggregating to Rs 199,99,99,971.36 on preferential basis to Government of India.

Source: Thehindubusinessline


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