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Corporation Bank to raise Rs 203.99 crore

23 Mar 2013 Evaluate

Corporation Bank is likely to raise Rs 203.99 crore from allotment of 47,85,137 equity shares to the Government of India on a preferential basis. The bank has allotted equity shares of Rs 10 each at a premium of Rs 416.32 a share to the government on a preferential basis.

After this transaction, issued and subscribed capital of the bank gets raised to 15,29,14,391 equity shares and the holding of the government in the bank gets increased from 58.52% to 59.82%.  

Peers
Company Name CMP
State Bank Of India 1004.50
PNB 116.85
Bank Of Baroda 238.00
Canara Bank 124.20
Union Bank Of India 180.80
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