Company update 26.12.19

ALAHABAD BANK

Fresh Capital infusion of ~2153.00 crore in the Bank by the Government of India

Government of India, Ministry of Finance, Department of Financial Services vide their Letter No. F.No.7 /23/2019-BOA-I dated 26.12.2019 has conveyed the sanction of the President of India for release of fresh capital infusion fund of ~2, 153.00 crore (Rupees two thousand one hundred and fifty three crore only) towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2019-20, as Government's investment.

BHARAT FORGE

Intimation regarding Incorporation of Wholly-Owned Subsidiary of the Company

Company has promoted and incorporated a WhollyOwned Subsidiary Company - KALYANI CENTRE FOR PRECISION TECHNOLOGY LIMITED  on December 25, 2019.