"... the Bank has received Rs 775 crore (rounded off) from the central government towards preferential allotment of 18,69,72,255 equity shares of Rs 10 each at a price of Rs 41.45 per share," the lender said in a filing to Bombay Stock Exchange.
The lender also said that the amount has been "deposited in the 'Share Application Money A/c' pending receipt of regulatory approvals for appropriation towards allotment money".
The Bank will endeavour to complete the allotment process according to the timeline.
