At Issue price of Rs 96.98 per share
Allahabad Bank has issued and allotted 2,91,81,274 (Two crore ninety one lac eighty one thousand two hundred seventy four) equity shares of face value of Rs. 10/-(Rupees ten only) each for cash at an Issue Price of Rs. 96.98 (Rupees ninety six and paise ninety eight only) per equity share including a premium of Rs. 86.98 (Rupees eighty six and paise ninety eight only) per equity share on preferential basis to Government of India (President of India).All the aforesaid new equity shares issued and allotted to Government of India (President of India) are / will be under lock-in for a period of three years from the date of trading approval from all the Stock Exchanges i.e. NSE & BSE where the equity shares of the Bank are listed.
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