Government of India sanctions Rs. 4800 crore investment in Central Bank of India

The Government of India vide letter dated 17th March, 2021 (copy received today) has conveyed the sanction of President of India for release of Rs. 4800.00 Crore (Rupees Four Thousand Eight Hundred Crore only) to our Bank towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2020-21. The said fund was received by the Bank today i.e. 31St March, 2021 and has been kept in the Share Application Money Account. The Bank will be taking all necessary steps/approvals for issuance and allotment of requisite equity shares to President of India (Government of India) on preferential basis.

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.16.35 as compared to the previous close of Rs. 16.25. The total number of shares traded during the day was 498293 in over 2232 trades.

The stock hit an intraday high of Rs. 16.6 and intraday low of 16.25. The net turnover during the day was Rs. 8190767.

Source : Equity Bulls

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