Raising of Equity Capital by way of Preferential Allotment (EGM on March 30, 2016)

| Updated on February 24, 2016 Published on February 24, 2016

Central Bank of India has informed BSE that a meeting of the Capital Raising Committee of the Board of Directors of the Bank will be held on March 02, 2016, inter alia, to consider and approve raising of additional equity capital by issuance and allotment of equity shares of the face value of Rs. 10/- each on preferential basis at such issue price per equity share as may be determined as per SEBI (ICDR) Regulations subject to approval of Government of India, Reserve Bank of India, shareholders and other statutory authorities (if any). In the above said meeting, the Capital Raising Committee may also decide to hold an Extra-Ordinary General Meeting of shareholders on March 30, 2016 to consider and pass the necessary Special Resolution and fix February 29, 2016 as the Relevant Date for the purpose of determining the Issue Price as per SEBI (ICDR) Regulations, 2009.

Source : BSE - >www.bseindia.com

Published on February 24, 2016
This article is closed for comments.
Please Email the Editor