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Syndicate Bank - Raising Of Equity Capital By Way Of Preferential Allotment.

| Updated on December 28, 2018 Published on December 28, 2018

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, it is hereby informed that Government of India, Ministry of Finance, Department of Financial Services vide Notification No. F. No. 7/38/2014-BOA dated 26th December, 2018 has conveyed the sanction of the President of India for release of Rs1632/- Crore (Rupees One Thousand Six Hundred Thirty Two Crore only) to our Bank towards contribution of the Central Government in the preferential allotment of Equity Shares (Special Securities/Bonds) of the Bank during the Financial Year 2018-19, as Governments Investment.

The Bank is yet to receive the funds.

This is for your kind information and records.

Pdf Link: Syndicate Bank - Raising Of Equity Capital By Way Of Preferential Allotment.

Source : BSE - www.bseindia.com

Published on December 28, 2018
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