Central Bank Of India

BSE: 532885 | NSE: CENTRALBK
Small Cap | Bank - Public
29.23
0.30 (1.04%)
< Home < Back

Central Bank of India plans to divest stake in CBHFL

Date: 12-11-2014

Central Bank of India is planning to divest its stake in its subsidiary - Cent Bank Home Finance (CBHFL) with a view to unlock the value of its strategic investments. The bank intends to disinvest its equity shareholding in CBHFL partly/ fully to interested buyer(s)/ purchaser(s) by way of sale through a competitive bidding process. 

The bank presently holds 16.10 crore equity shares of CBHFL constituting 64.40% stake. Other shareholders of the CBHFL are Housing and Urban Development Corporation (6.80%), National Housing Bank (16.00%), Specified Undertakings of Unit Trust of India (12.80%).

Central Bank of India has been serving more than 3,50,00,000 account holders through its 4,400 branches, 6 extension counters, 29 Satellite offices, 1,970 ATMs and 2,413 ultra small branches (USBs).