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Central Bank of India shines on getting nod to raise Rs 1,000 crore via bonds

Central Bank of India is currently trading at Rs. 20.20, up by 0.45 points or 2.28% from its previous closing of Rs. 19.75 on the BSE.

The scrip opened at Rs. 20.50 and has touched a high and low of Rs. 21.05 and Rs. 19.90 respectively. So far 74111 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 69.00 on 21-Sep-2018 and a 52 week low of Rs. 16.80 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 21.05 and Rs. 18.90 respectively. The current market cap of the company is Rs. 8251.84 crore.

The promoters holding in the company stood at 89.46%, while Institutions and Non-Institutions held 6.67% and 3.87% respectively.

Central Bank of India has received an approval to raise up to Rs 1,000 crore through bonds. The Capital Raising Committee of the Bank at their meeting held on September 21, 2019 has approved the proposal to raise Basel III tier bonds with call option for an amount up to Rs 500 and Basel III tier bonds without call option for an amount up to Rs 500 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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