The bank will seek shareholders nod for this at Annual General Meeting (AGM) to be held on June 30.
Central Bank of India is planning to raise up to Rs 3,000 crore from the public, including the rights issue, according to reports.
The bank will seek shareholders nod for this at Annual General Meeting (AGM) to be held on June 30.
Report says that the fund would be raised to an extent that government holding not fall below 51 per cent of the total capital.
Central Bank of India ended at Rs. 86.2, up by Rs. 2.05 or 2.44% from its previous closing of Rs. 84.15 on the BSE.
The scrip opened at Rs. 84.25 and touched a high and low of Rs. 88 and Rs. 84.25 respectively. A total of 893240(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 15181.71 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 113.7 on 14-Jul-2015 and a 52 week low of Rs. 48.2 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs. 88 and Rs. 83 respectively.
The promoters holding in the company stood at 79.94 % while Institutions and Non-Institutions held 15.26 % and 4.8 % respectively.
The stock traded above its 50 DMA.
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