Central Bank of India raises capital of Rs 1678 crore
1st Mar 2019

Central Bank of India has raised capital of Rs 1678 crore from allotment of 38,74,39,390 equity shares of the face value of Rs 10.00 each at the issue price of Rs 43.31 per equity share including premium of Rs 33.31 per equity share to Government of India (GoI). The allotment has increased shareholding of GoI from 88.02% to 89.40%. The Capital Raising Committee of the Board of Directors of the Bank has approved the same in its meeting held on February 28, 2019.

Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.