Central Bank of India enters into distributorship agreement with Mirae Asset Investment Managers India Pvt Ltd

Central Bank of India has entered into a distributorship Agreement with M/s Mirae Asset Investment Managers (India) Pvt. Ltd. for distribution of their Mutual Fund Products to its customers on DIY model. The participation by both the entities in this arrangement will result in offering the customers of Central Bank of India, an opportunity to unlock the value of their savings through various mutual fund products offered by M/s Mirae Asset Investment Managers (India) Pvt. Ltd.

Mirae Asset Investment Managers (India) Private Limited is a wholly-owned subsidiary of Mirae Asset Global Investments (India) Pvt. Ltd., which is sponsored by Mirae Asset Global Investments Company Limited, South Korea, of Mirae Asset Financial Group. Mirae Asset Global Investments (India) Pvt. Ltd. had transferred the asset management business to Mirae Asset Investment Managers (India) with effect from January 01, 2020. Mirae Asset Investment Managers (India) AUM stood at Rs. 1,73,787 crore as on May 31, 2024.

Shares of Central Bank of India was last trading in BSE at Rs. 62.74 as compared to the previous close of Rs. 62.08. The total number of shares traded during the day was 1418932 in over 5598 trades.

The stock hit an intraday high of Rs. 64.86 and intraday low of 62.30. The net turnover during the day was Rs. 89854711.00.

Source : Equity Bulls

Keywords

CentralBankofIndia INE483A01010 DistributorshipAgreement MiraeAssetInvestmentManagersIndia