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Raising of Equity Capital by way of preferential allotment

| Updated on March 13, 2018 Published on April 07, 2017

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 April 12, 2017 to consider and approve raising of equity capital by conversion of entire IPDI capital of Rs. 583.00 crore (5,830 IPDI of Rs. 10.00 lac each) held by Government of India, by issuance and allotment of equity shares of the face value of Rs. 10/- each at such conversion price including premium per equity share as may be determined as per SEBI (ICDR) Regulations, to President of India (Government of India) on preferential basis subject to approval of shareholders and other statutory authorities (if any). Capital Raising Committee of the Board of Directors may also decide to hold an Extra-Ordinary General Meeting (EGM) of shareholders on May 11, 2017 to consider and pass the necessary Special Resolution and may also fix April 11, 2017 as the Relevant Date for the purpose of determining the Issue Price as per SEBI (ICDR) Regulations, 2009.

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Source : BSE - www.bseindia.com

Published on April 07, 2017
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