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Central Bank of India rises on getting nod to raise Rs 165 crore from LIC

Central Bank Of India | Bank - Public | BFSI | BSE: 532885 | NSE: CENTRALBK

03 Mar 2016 Evaluate

Central Bank of India is currently trading at Rs 66.75, up by 0.70 points or 1.06% from its previous closing of Rs. 66.05 on the BSE.

The scrip opened at Rs. 68.55 and has touched a high and low of Rs. 70.20 and Rs. 66.60 respectively. So far 170358 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.80 on 12-May-2015 and a 52 week low of Rs. 48.20 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 70.20 and Rs. 54.55 respectively. The current market cap of the company is Rs. 11168.47 crore.

The promoters holding in the company stood at 81.46% while Institutions and Non-Institutions held 13.68% and 4.86% respectively.

Public sector lender Central Bank of India has received its board’s approval to raise over Rs 165 crore by issuing additional equity shares to insurance giant Life Insurance Corporation of India (LIC) on preferential basis. The company’s board has considered and approved raising of additional equity capital by issuance and allotment of up to 3,14,41,088 equity shares of the face value of Rs 10 each at the issue price of Rs 52.66 per equity aggregating to Rs 165,56,87,694.08 to LIC.

Besides, the bank has sought approval from government for raising additional equity capital by conversion of entire 5,830 innovative perpetual debt instruments of the face value of Rs 10 lakh each aggregating to Rs 583 crore held by government into equity shares to be issued and alloted to the government on preferential basis.

Also, the bank has sought approval to raise the additional equity capital of a sum as may be sanctioned by government by issuing and allotment of equity shares to government on preferential basis.

CentralBank of India Share Price

35.85 -0.22 (-0.61%)

20-Apr-2026 14:45 View Price Chart

Peers

Company Name	CMP
SBI	1106.50
PNB	113.90
Canara Bank	142.65
Bank Of Baroda	281.90
Union Bank Of India	190.05
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Central Bank of India rises on getting nod to raise Rs 165 crore from LIC

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