Central Bank of India approves raising of Rs. 500 crores

The Capital Raising Committee of the Board of Directors of Central Bank of India at their meeting held on February 09, 2017 considered and approved the proposal for raising capital funds upto Rs. 500.00 crore by issuance and allotment of Non-Convertible Redeemable Unsecured Basel III compliant Tier 2 Bonds (Series-II) in the nature of promissory notes of the face value of Rs. 10.00 lac each on private placement basis.

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.90.4 as compared to the previous close of Rs. 91.2. The total number of shares traded during the day was 56230 in over 814 trades.

The stock hit an intraday high of Rs. 92.3 and intraday low of 88.5. The net turnover during the day was Rs. 5073942.

Source : Equity Bulls

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