Central Bank of India has received an approval for raising equity capital by issuance and allotment of, upto 35,43,57,970 equity shares of the face value of Rs 10 each at the issue price of Rs 66.43 per equity share including premium of Rs 56.43 per equity share aggregating to Rs 2354 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 October 12, 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.
