Central Bank of India has said that the Capital Raising Committee of its board of directors had approved raising of additional equity capital by issuing up to 8,28,90,000 equity shares (face value Rs 10 each) at Rs 75.55 per equity share aggregating over Rs 626.23 crore to Life Insurance Corporation of India, on a preferential basis.
The issue is subject to the approval of Government of India, RBI, shareholders and other statutory authorities, Central Bank in a communiqué to the BSE said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.