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Central Bank of India raises capital of Rs 1678 crore

01 Mar 2019 Evaluate

Central Bank of India has raised capital of Rs 1678 crore from allotment of 38,74,39,390 equity shares of the face value of Rs 10.00 each at the issue price of Rs 43.31 per equity share including premium of Rs 33.31 per equity share to Government of India (GoI). The allotment has increased shareholding of GoI from 88.02% to 89.40%. The Capital Raising Committee of the Board of Directors of the Bank has approved the same in its meeting held on February 28, 2019.

Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.

CentralBank of India Share Price

35.77 -0.30 (-0.83%)
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Peers
Company Name CMP
SBI 1107.60
PNB 113.75
Canara Bank 142.70
Bank Of Baroda 280.85
Union Bank Of India 189.05
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