Central Bank of India has received an approval for allotment of 96,01,536 equity shares of the face value of Rs 10 each to President of India (Government of India) at the issue price of Rs 104.15 per equity share aggregating up to Rs 100 crore. With this allotment, shareholding of President of India (Government of India) has increased from 81.28% to 81.38%. The Capital Raising Committee of the Board of Directors of the Bank at its meeting held on August 18, 2017 has approved for the same.
Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 4709 Branches, 4 Extension counters, along with 29 Satellite Offices (as on December 2015) at various centres throughout the length and breadth of the country.
