Corporation Bank is currently trading at Rs. 261.95, up by 2.00 points or 0.77 % from its previous closing of Rs. 259.95 on the BSE.
The scrip opened at Rs. 257.05 and has touched a high and low of Rs. 265.00 and Rs. 257.05 respectively. So far 17977 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 494.85 on 07-Jan-2013 and a 52 week low of Rs. 239.55 on 04-Sep-2013.
Last one week high and low of the scrip stood at Rs. 267.00 and Rs. 253.00 respectively. The current market cap of the company is Rs. 4388.76 crore.
The promoters holding in the company stood at 59.82 % while Institutions and Non-Institutions held 32.56 % and 7.62 % respectively.
Central Government has raised its stake in Corporation Bank from 59.82% to 63.33%. The Board of the Bank at its meeting held on December 20, 2013 has allotted 1,46,27,486 equity shares of Rs 10 each at a premium of Rs 297.64 a share to Government of India on a preferential basis. With this, the bank’s issued and subscribed capital has increased to 16,75,41,877 equity shares.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. As on March 31, 2013, the bank has 1707 branches and 1425 ATMs.
The scrip opened at Rs. 257.05 and has touched a high and low of Rs. 265.00 and Rs. 257.05 respectively. So far 17977 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 494.85 on 07-Jan-2013 and a 52 week low of Rs. 239.55 on 04-Sep-2013.
Last one week high and low of the scrip stood at Rs. 267.00 and Rs. 253.00 respectively. The current market cap of the company is Rs. 4388.76 crore.
The promoters holding in the company stood at 59.82 % while Institutions and Non-Institutions held 32.56 % and 7.62 % respectively.
Central Government has raised its stake in Corporation Bank from 59.82% to 63.33%. The Board of the Bank at its meeting held on December 20, 2013 has allotted 1,46,27,486 equity shares of Rs 10 each at a premium of Rs 297.64 a share to Government of India on a preferential basis. With this, the bank’s issued and subscribed capital has increased to 16,75,41,877 equity shares.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. As on March 31, 2013, the bank has 1707 branches and 1425 ATMs.
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