Central Bank of India surges on getting nod to raise Rs 1500 crore during FY23
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Central Bank of India is currently trading at Rs. 32.35, up by 1.50 points or 4.86% from its previous closing of Rs. 30.85 on the BSE.
The scrip opened at Rs. 32.00 and has touched a high and low of Rs. 32.35 and Rs. 31.55 respectively. So far 3347616 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 16.10 on 16-Jun-2022.
Last one week high and low of the scrip stood at Rs. 38.15 and Rs. 28.10 respectively. The current market cap of the company is Rs. 28082.84 crore.
The promoters holding in the company stood at 93.08%, while Institutions and Non-Institutions held 2.94% and 3.98% respectively.
Central Bank of India has received an approval to raise capital through issuance of Non-convertible redeemable unsecured Base Ill compliant Tier 11 Bonds for amount upto Rs 1500 crore with a base size of Rs 500 crore and a green shoe option upto Rs 1000 crore during the FY 2022-23 subject to market conditions and necessary approvals. The Board of Directors of the Bank at its meeting held on December 26, 2022 has considered and approved the same.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.
