The announcement was made before trading hours today, 24 December 2012.
Meanwhile, the BSE Sensex was up 57.51 points, or 0.30%, to 19,299.51.
On BSE, 38,000 shares were traded in the counter as against an average daily volume of 2.26 lakh shares in the past one quarter.
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The stock hit a high of Rs 81.60 and a low of Rs 83.23 so far during the day. The stock had hit a 52-week high of Rs 111.80 on 15 March 2012. The stock had hit a 52-week low of Rs 62.30 on 13 September 2012.
The stock had outperformed the market over the past one month till 21 December 2012, rising 11.40% compared with the Sensex's 4.23% rise. The scrip had also outperformed the market in past one quarter, gaining 7.30% as against Sensex's 2.61% rise.
The mid-cap state-run bank has an equity capital of Rs 736.12 crore. Face value per share is Rs 10.
Central Bank of India said its board has approved issuing equity shares on preferential basis to Government of India/other interested and eligible shareholders.
Central Bank of India's net profit rose 35.1% to Rs 329.92 crore on 8.5% growth in total income to Rs 5680.63 crore in Q2 September 2012 over Q2 September 2011.
The Government of India (GoI) holds 79.15% stake in Central Bank of India (as per the shareholding pattern as on 30 September 2012).
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