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Allahabad Bank allots equity shares to LIC

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Capital Market

On preferential basis

Allahabad Bank has issued and allotted 1,32,44,282 equity shares of face value of Rs 10 each for cash at an issue price of Rs 43.42 per share including a premium of Rs 33.42 per share on preferential basis to Life Insurance Corporation of India.

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First Published: Apr 01 2016 | 9:45 AM IST

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