Others

Allotment of Equity Shares to Life Insurance Corporation of India on preferential basis

| Updated on August 01, 2014 Published on August 01, 2014

Central Bank of India has informed BSE that Capital Raising Committee of the Board of Directors of the Bank at their meeting held on August 01, 2014 has allotted 7,10,75,753 equity shares to Life Insurance Corporation of India subsequent to passing of the Special resolution by shareholders at their meeting held on July 15, 2014 to accord consent to the Capital Raising Committee/Board of the Bank to create, offer, issue and allot abovesaid shares to Life Insurance Corporation of India of the face value of Rs. 10/- per equity share at a price of Rs. 81.83 per Equity Share determined in accordance with Regulation 76 of SEBI ICDR Regulations aggregating to Rs. 581,61,28,867.99.

Source : BSE - >www.bseindia.com

Published on August 01, 2014
This article is closed for comments.
Please Email the Editor