Thursday , October 21 2021

Central Bank of India jumps on getting shareholders’ nod for allotment of preference shares to government

Central Bank Of India is currently trading at Rs. 18.55, up by 0.65 points or 3.63% from its previous closing of Rs. 17.90 on the BSE.

The scrip opened at Rs. 18.00 and has touched a high and low of Rs. 19.40 and Rs. 17.50 respectively. So far 3532271 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 26.40 on 19-Feb-2021 and a 52 week low of Rs. 10.04 on 19-Oct-2020.

Last one week high and low of the scrip stood at Rs. 19.40 and Rs. 17.30 respectively. The current market cap of the company is Rs. 10987.30 crore.

The promoters holding in the company stood at 89.78%, while Institutions and Non-Institutions held 4.31% and 5.91% respectively.

Central Bank of India’s shareholders have approved allotment of preference shares to the government for a Rs 4,800 crore capital infusion. The consent of the shareholders was given with over 97 per cent votes in favour of the resolution to issue and allot up to 2,80,53,76,972 equity shares to government on a preferential basis aggregating up to Rs 4,800 crore.

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

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