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Corporate Announcement
  • Security Code532885
    CompanyCentral Bank of India
    Exchange Received Time18/08/2017 17:56:19
    Exchange Disseminated Time18/08/2017 17:56:24
    Time Taken00:00:05
     
     
     Allotment | 8/18/2017 5:56:19 PM 
     Allotment of 96,01,536 Equity Shares to President of India (Government of India) on preferential basis -
    We are pleased to inform you that Capital Raising Committee of the Board of Directors of the Bank at its meeting held today i.e. 18th August, 2017 has allotted 96,01,536 equity shares of the face value of Rs. 10/- each to President of India (Government of India) at the issue price of Rs. 104.15 per equity share aggregating upto Rs. 100/- crore (Rupees One Hundred Crore only) subsequent to passing of the Special Resolution by shareholders at Extra-ordinary General Meeting held on 11th May, 2017 and the approval of Government of India under Section 3(2B)(c) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to increase the paid-up capital vide letter No. F.No.7/38/2014-BOA dated 04.08.2017. With this allotment, shareholding of President of India (Government of India) has increased from 81.28% to 81.38%.    		 
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(11H) 24 Apr 24|13:08 (IST)