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Central Bank of India surges on the buzz to get Rs 2,406 crore fund infusion from Govt

18 Feb 2013 Evaluate

Central Bank of India is currently trading at Rs. 77.10, up by 1.25 points or 1.65% from its previous closing of Rs. 75.85 on the BSE.

The scrip opened at Rs. 76.85 and has touched a high and low of Rs. 77.40 and Rs. 76.25 respectively. So far 23330 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 111.80 on 15-Mar-2012 and a 52 week low of Rs. 62.30 on 13-Sep-2012.

Last one week high and low of the scrip stood at Rs. 78.15 and Rs. 74.40 respectively. The current market cap of the company is Rs. 5668.09 crore.

The promoters holding in the company stood at 79.15% while Institutions and Non-Institutions held 13.17% and 7.68% respectively.

State-owned Central Bank of India is likely to get Rs 2,406 crore fund infusion from the government by end of next month. The infusion of capital will be done by issuing 308,461,538 fresh shares to the President of India at Rs 78 unit.

The board of Central Bank of India has approved on February 15 preferential allotment of shares to the government.

Last year, the bank got capital infusion of Rs 676 crore from the government. The government, last month, approved infusion of Rs 12,517 crore in around 10 state-owned banks over the next three months.

CentralBank of India Share Price

36.07 0.23 (0.64%)
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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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