Allahabad Bank looks to mop up Rs 300 crore from stake dilution

Allahabad Bank, which came out of the prompt corrective action (PCA) framework of the Reserve Bank of India last month, said on Friday it is looking to raise around Rs 300 crore capital through dilution of its equity stake in Universal Sompo General Insurance Company.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OeHXVL