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Corporation Bank rises on plan to raise Rs 203.99 crore

25 Mar 2013 Evaluate

Corporation Bank is currently trading at Rs. 390.60, up by 0.90 points or 0.23% from its previous closing of Rs. 389.70 on the BSE.

The scrip opened at Rs. 392.45 and has touched a high and low of Rs. 395.00 and Rs. 389.50 respectively. So far 1447 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 494.85 on 07-Jan-2013 and a 52 week low of Rs. 362.05 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 412.30 and Rs. 381.00 respectively. The current market cap of the company is Rs. 5956.02 crore.

The promoters holding in the company stood at 58.52% while Institutions and Non-Institutions held 34.09% and 7.39% respectively.

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%.

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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