Financial Daily from THE HINDU group of publications
Saturday, Jun 03, 2006
Financial Daily from THE HINDU group of publications Saturday, Jun 03, 2006 |
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Money & Banking
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Preferential Allotments Centurion Bank pref issue to Chrys Cap arm Our Bureau
Mumbai , June 2 Centurion Bank of Punjab is making a preferential issue of seven crore shares at Rs 19.25 per share aggregating Rs 134.75 crore to Johann Ltd, a wholly owned subsidiary of Chrys Capital III LLC. The bank has received approval from the RBI for this preferential issue. The bank had allotted 12.76 crore equity shares at a price of Rs 19.25 per share on March 21 to funds managed by India Value Fund Advisors Private Ltd, and Citigroup Venture Capital International Growth Partnership Mauritius Ltd as per the approval from the RBI received earlier. "This issue will further strengthen the bank's capital position and provide further impetus to its growth," said the release.
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