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CENTRAL BANK OF INDIA - Raising of Equity Capital by way of preferential allotment (EGM on Dec 30, 2014)
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08 Dec 2014
Central Bank of India has informed BSE that the Capital Raising Committee of the Board of Directors of the Bank considered and approved raising of additional equity capital by issuance and allotment of, upto 8,28,90,000 equity shares of the face value of Rs. 10/- each at the issue price of Rs. 75.55 per equity share determined as per SEBI (ICDR) Regulations aggregating to Rs. 626,23,39,500.00 (Rupees Six Hundred Twenty Six Crore, Twenty Three Lac, Thirty Nine Thousand, Five Hundred only), to Life Insurance Corporation of India on preferential basis, subject to approval of Government of India, Reserve Bank of India, shareholders and other statutory authorities (if any). Capital Raising Committee of the Board of Directors also decided to hold an Extra-Ordinary General Meeting (EGM) of shareholders on December 30, 2014 to consider and pass the necessary Special Resolution and fixed November 28, 2014 as the Relevant Date for the purpose of determining the Issue Price as per SEBI (ICDR) Regulations, 2009.
View all announcements for CENTRAL BANK OF INDIA Source: BSE India