Central Bank of India has received an approval for raising equity capital by issuance and allotment of, upto 61,15,60,839 equity shares of the face value of Rs 10 each at the issue price of Rs 79.06 per equity share including premium of Rs 69.06 per equity share aggregating to Rs 4835 crore to Government of India on preferential basis. The Capital Raising Committee of the Board of Directors of the Bank at its meeting held on February 23, 2018 has approved for 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.
