Central Bank of India approves raising of Tier I Capital upto Rs. 5000 crores during the Financial Year 2015-16

The Capital Raising Committee of the Board of Directors of Central Bank of India at its meeting held on June 04, 2015, has approved the proposal to raise Tier I capital upto Rs. 5000.00 crore in one or more tranches during Financial year 2015-16 through various modes such as- QIP, Rights Issue, FPO, Private Placement, Preferential Issue, etc. subject to approval of Government of India, Reserve Bank of India and other statutory authorities (if any). The agenda is being sent to Shareholders for approval in the forthcoming Annual General Meeting scheduled to be held on June 30, 2015.

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.99.85 as compared to the previous close of Rs. 100.85. The total number of shares traded during the day was 47647 in over 710 trades.

The stock hit an intraday high of Rs. 101.85 and intraday low of 99.3. The net turnover during the day was Rs. 4797699.

Source : Equity Bulls

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