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Shares of Allahabad Bank, Canara Bank and Lakshmi Vilas Bank will remain in focus on fund-raising plans. Allahabad Bank plans to convene an EGM to issue up to five crore shares; Canara Bank will consider capital raising through additional Tier I instruments in rupee terms; and the rights issue of Lakshmi Vilas Bank will open for subscription on December 12. It will issue about 6.5 crore shares at ₹122 a share in the ratio of 1:3 to eligible shareholders as on December 6.
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