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Corporation Bank planning to raise Rs 12,500 crore by various means

26 Feb 2019 Evaluate

Corporation Bank has received approval for capital raising plan to the extent of Rs 12,500 crore by way of either issue and allotment of equity shares on preferential basis or by way of Additional tier 1 Bonds or Tier II Bonds or Follow on Public Issue or Rights Issue or Qualified Institutions Placement or issue and allotment of equity shares on preferential basis to Government of India or Debt Issue or in combination of these thereof or any other method as per Basel Ill requirements in one or more tranches with Green Shoe Option.

The Board of Directors of the bank at its meeting held on February 25, 2019 has approved the same.

Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906.

Corp. Bank-Amalgamat Share Price

22.60 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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