Central Bank of India updates on Rs 500 crore issue

Central Bank of India has announced that deemed date of allotment for the 8.80% Unsecured Redeemable Non-convertible Subordinate Upper Tier II Bonds (Series III) in the nature of promissory notes aggregating to Rs 500 crore on Private Placement Basis, has been extended up to June 23, 2009. The deemed date of allotment for the above issue will be June 23, 2009 instead of June 22, 2009 as informed earlier.

The stock was trading at Rs.81.60, down by Rs.3 or 3.55%. The stock hit an intraday high of Rs.83.75 and low of Rs.81.10.

The total traded quantity was 120196 compared to 2 week average of 464203.

Source : Equity Bulls

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