The shares has been acquired as part of the original capital infusion of Rs 154 crore by Sabre Investor Group, Bank Muscat, ADB and Keppel Corporation.
The bank, in a notice to the Bombay Stock Exchange (BSE), said that the mode of acquisition is through allotment under a scheme of arrangement under sections 391-394 of the Companies Act, 1956 and the date of intimation of allotment is April 6, 2004.
The shareholding of Kephinance Investment [Mauritius] Ltd post acquisition will increase to 14.45 per cent of the total paid up capital of Centurion Bank Ltd.
On January 20, the Reserve Bank of India had approved the capital restructuring plan of the bank. Thereafter, the face value of the bank
