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Central Bank of India planning to raise Rs 4835 crore on preferential basis

20 Feb 2018 Evaluate

Central Bank of India is planning to raise additional equity capital up to Rs 4835 crore 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 President of India (Government of India) on preferential basis. The meeting of the Capital Raising Committee of the Board of Directors of the Bank will be held February 23, 2018 to consider and approve 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.

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Company Name CMP
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