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Central Bank of India zooms on getting nod to raise Rs 3,353 crore via preferential basis

30 Oct 2019 Evaluate

Central Bank of India is currently trading at Rs. 20.00, up by 2.05 points or 11.42% from its previous closing of Rs. 17.95 on the BSE.

The scrip opened at Rs. 18.90 and has touched a high and low of Rs. 20.80 and Rs. 18.40 respectively. So far 152031 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 38.00 on 02-Jan-2019 and a 52 week low of Rs. 15.55 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 20.80 and Rs. 16.95 respectively. The current market cap of the company is Rs. 8354.98 crore.

The promoters holding in the company stood at 89.46%, while Institutions and Non-Institutions held 6.61% and 3.92% respectively.

Central Bank of India has received approval to allot shares on a preferential basis to the government to raise up to Rs 3,353 crore. The capital raising committee of the board of directors at its meeting on October 29, 2019 considered and approved raising of equity capital by issuance and allotment of up to 1,58,38,45,063 equity shares aggregating to Rs 3,353 crore to the Government of India on a preferential basis.

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

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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