At meeting held 13 April 2016
Central Bank of India announced that the Board of Directors of the Bank at its meeting held on 13 April 2016, has considered and approved raising of additional equity capital by issuance and allotment of, upto 7,15,04,945 equity shares of the face value of Rs. 10/- each at the issue price of Rs. 74.82 per equity share determined as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 aggregating to Rs. 535/- crore (Rupees Five Hundred Thirty Five Crore only), to Government of India on preferential basis, subject to approval of Reserve Bank of India, shareholders and other statutory authorities (if any).Board of Directors has also decided to hold an Extra-Ordinary General Meeting (EGM) of shareholders on 12 May 2016 to consider and pass the necessary Special Resolution and fixed 12 April 2016 as the Relevant Date for the purpose of determining the Issue Price as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
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