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 Money & Banking - Rights Issue


Bank Muscat to subscribe to Centurion rights

Our Bureau

Mumbai , Aug 4

BANK Muscat will subscribe to 75 million shares in the forthcoming Centurion Bank rights issue. The total investment will be worth Rs 30 crore, according to a press release.

Shareholders will be offered shares at the rate of Rs 4 per share constituting a premium of Rs 3 on a face value of Re 1 per share. Last year, Bank Muscat had taken a strategic stake in the bank.

More Stories on : Rights Issue | Private Banks

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