Allahabad Bank plans ECM return with placement

Allahabad Bank is looking to make its first outing to the equity capital market since 2005 to raise some Rp15bn ($208m).

  • By John Loh
  • 21 Sep 2018

The state-owned Indian lender said in a stock exchange filing on Wednesday its board has approved the proposal for a Rp15bn primary capital increase through a qualified institutional placement within the 2019 fiscal year.

According to Dealogic, the more than 150-year old Allahabad Bank has only executed one ...

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