Central Bank of India board approves issue of shares at Rs. 17.11

The Board of Directors of Central Bank of India Ltd at its meeting held today i.e. 20th April, 2021 considered and approved raising of equity issuance and allotment of, upto 2,80,53,76,972 equity shares of the face value Rs.10.00 each at the issue price of Rs.17.11 per equity share including premium of Rs.7.11 per equity share determined as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 aggregating to Rs.4800 crore (Rupees Four Thousand Eight Hundred Crore only) to President of India (Government of India) on preferential basis, subject to approval of Shareholders, Reserve Bank of India, Stock Exchanges & other statutory authorities (if any).

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.16.25 as compared to the previous close of Rs. 16.25. The total number of shares traded during the day was 478630 in over 785 trades.

The stock hit an intraday high of Rs. 16.8 and intraday low of 16.15. The net turnover during the day was Rs. 7857703.

Source : Equity Bulls

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