Central Bank of India approves raising of Rs. 2500 crore

The board of directors of Central Bank of India has approved the raising of capital aggregating upto Rs. 2500/- crore during Financial year 2023-24 through Follow-on Public offer (FPO)/RIghts issue/ Qualified Institutional Placement (QIP) / Preferential issue or any other mode or combination thereof and /or through issue of BASEL III compliant AT1/Tier 11 Bonds or such other securities as may be permitted under the applicable laws subject to market conditions and necessary regulatory approvals.

Shares of Central Bank of India was last trading in BSE at Rs. 30.35 as compared to the previous close of Rs. 29.06. The total number of shares traded during the day was 3357977 in over 7969 trades.

The stock hit an intraday high of Rs. 30.40 and intraday low of 29.62. The net turnover during the day was Rs. 101171726.00.

Source : Equity Bulls

Keywords

CentralBankofIndia INE483A01010 FundRaising FPO RightsIssue QIP PreferentialIssue FY2024