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Federal Bank has allotted 23,04,77,634 equity shares of face value Rs2 each to eligible qualified institutional buyers at the issue price of Rs 131.90 per equity share (including a premium of Rs 129.90 per equity share) and reflecting a discount of Rs 0.69 (i.e. 0.52%) on the floor price of Rs 132.59, aggregating to Rs 3039.99 crore, pursuant to the qualified institutional placement offer. The Issue opened on 19 July 2023 and closed on 24 July 2023.
Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the Bank stands increased from Rs 4,23,63,28,436 crore, comprising of 2,11,81,64,218 equity shares to Rs 4,697,283,704 crore, comprising of 2,348,641,852 equity shares.
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