• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Paul Noronha

Sound opening: Ms H. A. Daruwalla, Chairperson and Managing Director, Central Bank of India, striking the gong on the occasion of listing the bank’s shares on the BSE on Tuesday. –

Our Bureau

Mumbai, Aug. 21

Central Bank of India made its debut on the Bombay Stock Exchange at Rs 130.10, at a premium of 27.54 per cent, against the offer price of Rs 102. It touched a high of Rs 133.25 and a low of Rs 114 on the BSE before closing at Rs 115.4. Total volumes were 2,43,85,904.

On the National Stock Exchange, the stock opened at Rs 131.8, at a premium of 29.21 per cent and closed at Rs 115.3. It touched a high of Rs 135 and a low of Rs 114.05 during trade. The total volumes were 5,87,77,319.

The bank got listed with over 40.41 crore equity shares at an issue price of Rs 102 each. Proceeds of the issue would be utilised for upgrading technology, HRD and to augment the capital base of the bank to meet future capital requirements arising out of the implementation of new risk provisioning norms (Basel II).

More Stories on : IPOs | Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Blackstone open offer for Gokaldas at Rs 275

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line