Central Bank, SBBJ to Raise Funds via Rights Issue

Central bank of India proposes to raise about 2,500 crore from rights issue for which it has fixed record date. The board of the bank has approved Rs. 103 as issue price for every right equity shares.

The State Bank of Bikaner and Jaipur’s (SBBJ), the largest associate bank of SBI, board has also cleared the proposal of raising 780 crore through a rights issue. The board of directors of SBBJ has fixed March 17 as record date for the purpose of ascertaining shareholders entitled for rights issue.crackcrack