Central Bank of India raises Rs. 254.99 crore through QIP

The capital raising committee of the board of directors of Central Bank of India at its meeting held today i.e., September 28, 2020 has approved the allotment of 16,57,99,736 Equity Shares to eligible qualified institutional buyers at the issue price of Rs.15.38 per Equity Share, aggregating to Rs. 254,99,99,939.68 (Rupees Two Hundred Fifty Four Crore Ninety Nine Lakh Ninty Nine Thousand Nine Hundred Thirty Nine and Paise Sixty Eight only) under the SEBI Regulations.

Pursuant to the allotment of Equity Shares in the QIP, the paid-up equity share capital of the Bank stands increased to Rs. 5875,56,24,600.00 comprising of 587,55,62,460 equity shares of face value of Rs. 10 each.

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.16.1 as compared to the previous close of Rs. 16.2. The total number of shares traded during the day was 163743 in over 577 trades.

The stock hit an intraday high of Rs. 16.6 and intraday low of 16. The net turnover during the day was Rs. 2661613.

Source : Equity Bulls

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