Central Bank of India allots 153868113 Equity Shares on Preferential Basis

The Capital Raising Committee of the Board of Directors of Central Bank of India at their meeting held March 24, 2015 has allotted 15,38,68,113 equity shares to President of India (Government of India) subsequent to passing of the Special resolution by shareholders at their meeting held on March 24, 2015 to accord consent to the Capital Raising Committee/Board of the Bank to create, offer, issue and allot upto 15,38,68,113 equity shares to Government of India (GOI) of the face value of Rs. 10/- each on preferential basis at a conversion price of Rs. 105.09 per Equity Share determined in accordance with SEBI ICDR Regulations, 2009 by conversion of 161,70,00,000 Perpetual Non-Cumulative Preference Shares (PNCPS) of the face value of Rs. 10.00 each held by GOI aggregating upto Rs. 1617.00 crore. With this allotment, shareholding of President of India (Government of India) has increased to 81.46% from 79.56%.

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.104.9 as compared to the previous close of Rs. 107.55. The total number of shares traded during the day was 347926 in over 1630 trades.

The stock hit an intraday high of Rs. 107.5 and intraday low of 104.05. The net turnover during the day was Rs. 36516959.

Source : Equity Bulls

Keywords