Central Bank of India has informed that a meeting of the Board of Directors of the Bank will be held on October 27, 2016 to consider and approve raising of additional equity capital by issuance and allotment of equity shares of the face value of Rs 10 each at such issue price including premium per equity share as may be determined as per SEBI (ICDR) Regulations, to Life Insurance Corporation of India and/or to its various schemes on preferential basis subject to approval of Government of India, Reserve Bank of India, shareholders and other statutory authorities (if any). Board of Directors of the Bank may also decide to hold an Extra-Ordinary General Meeting (EGM) of shareholders to consider and pass the necessary Special Resolution and may also fix the Relevant Date for the purpose of determining the Issue Price as per SEBI (ICDR) Regulations, 2009.
The above information is a part of company’s filings submitted to BSE.
