Central Bank of India rises on selling its entire stake in CIBIL

Central Bank of India is currently trading at Rs. 46.65, up by 1.10 points or 2.41% from its previous closing of Rs. 45.55 on the BSE.

The scrip opened at Rs. 46.00 and has touched a high and low of Rs. 46.70 and Rs. 46.00 respectively. So far 43,000 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.40 on 10-May-2013 and a 52 week low of Rs. 43.05 on 24-Feb-2014.

Last one week high and low of the scrip stood at Rs. 46.70 and Rs. 43.25 respectively. The current market cap of the company is Rs. 4,867.00 crore.The promoters holding in the company stood at 88.63% while Institutions and Non-Institutions held 7.02% and 4.35% respectively.

Central Bank of India has sold its entire stake in Credit Information Bureau of India (CIBIL) to Transunion International Inc (FII). The bank has taken this step after receiving the approval for the same.

Central Bank of India has been serving more than 3,50,00,000 account holders through its 4,400 branches, 6 extension counters, 29 Satellite offices, 1,970 ATMs and 2,413 ultra small branches (USBs).