Syndicate Bank: Preferential allotment of shares in favour of Government of India

Syndicate Bank has informed BSE that upon receipt of funds from Government of India, the Bank has, on March 23, 2011, allotted 5,13,17,389 (Five crores thirteen lacs seventeen thousand three hundred and eighty nine Only) equity shares of face value of Rs. 10/- each for cash at a premium of Rs. 113.35 (Rupees One hundred thirteen and paise thirty five only) determined in accordance with Regulation 76 (1) of SEBI ICDR Regulations aggregating to Rs. 632,99,99,934/- on preferential basis to Government of India.