Syndicate Bank to issue more equity shares

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Mumbai, May 22: Syndicate Bank today said it's Board of Directors have granted their approval for further raising of the bank's capital by way of issue of 8,00,00,000 equity shares having face value of Rs 10 each at a price to be determined later.

The decision is however, subject to necessary approvals from Government of India, Reserve Bank of India and other statutory bodies, Syndicate Bank clarified.


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