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Board of Central Bank of India approves preferential allotment of shares to GoI

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Capital Market

At meeting held on 23 February 2018

Central Bank of India announced that the Capital Raising Committee of Board of Directors of the Bank at its meeting held on 23 February 2018 has approved raising of equity capital by issuance and allotment of up to 61,15,60,839 equity shares of Rs 10 each at an issue price of Rs 79.06 per share aggregating to Rs 4835 crore to President of India on preferential basis.

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First Published: Feb 23 2018 | 2:15 PM IST

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