Stake Sale

Central Bank of India allots 158,38,45,063 equity shares at Rs. 21.17 per share

Posted On : 2019-11-26 21:49:03( TIMEZONE : IST )

The Capital Raising Committee of the Board of Directors of Central Bank of India at its meeting held today i.e. 26.11.2019 has allotted 158,38,45,063 equity shares of the face value of Rs.10.00 each at the issue price of RS.21.17 per equity share including premium of Rs.11.17 per equity share determined as per SEBI ICDR Regulations,2018 to President of India (Government of India) aggregating upto Rs.3353 crore subsequent to passing of the Special Resolution by shareholders at Extraordinary General Meeting held on 26.11.2019 and the approval of Government of India under Section 3(2B)(c) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to increase the paid-up capital by way of preferential allotment of equity shares to Government of India to the extent of Rs.3353 crore vide letter dated 05.11.2019, With this allotment, shareholding of President of India (Government of India) has increased from 89.46% to 92.39%.

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.22.2 as compared to the previous close of Rs. 22.3. The total number of shares traded during the day was 72248 in over 316 trades.

The stock hit an intraday high of Rs. 22.75 and intraday low of 21.8. The net turnover during the day was Rs. 1612138.

Source : Equity Bulls