Centurion Bank is likely to tap both domestic and foreign markets for raising as much as Rs 600 crore for stregthening its capital base in view of the increased business and committment to globally stringentBasel-I norms.The shareholders of the bank at their extraordinary general meeting today aproved the proposal for raising of capital upto Rs 600 crore in one or more tranches, it informed the BSE.Shares of nominal value Re 1 could be offered through a domestic public issue and/or on a private placement basis, or equity shares underlying securities in the form of global/American Depository Receipts, FCCBs or any other permitted instruments to be listed on such stock exchanges in India, it said.The domestic and/or international offering(s) could be to foreign investors, FIIs, NRIs, corporate bodies, trusts, mutual funds, banks, insurance companies, pension funds, individual and/or trustees and/or stablisation agents.
