Central Bank of India has received an approval for raising of equity capital by issuance and allotment of, up to 3,88,45,460 equity shares of the face value of Rs 10 each at the issue price of Rs 83.15 per equity share including premium of Rs 73.15 per equity share determined as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 aggregating to Rs 323 crore kept into Share Application Money Account, to President of India (Government of India) on preferential basis. The Capital Raising Committee of the Board of Directors of the Bank at its meeting held on January 03, 2017, has considered and approved the same.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.
