Central Bank of India soars on getting nod to raise Rs 500 crore by issuing bonds

14 Dec 2020 Evaluate

Central Bank of India opened at Rs. 15.15 and has touched a high and low of Rs. 15.47 and Rs. 15.09 respectively. So far 484169 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 21.60 on 29-Jun-2020 and a 52 week low of Rs. 10.04 on 19-Oct-2020.

Last one week high and low of the scrip stood at Rs. 16.96 and Rs. 14.51 respectively. The current market cap of the company is Rs. 8901.48 crore.

The promoters holding in the company stood at 89.78%, while Institutions and Non-Institutions held 7.35% and 2.88% respectively.

Central Bank of India’s board has approved the proposal for raising of capital funds up to Rs 500 crore. The fund will be raised by issuing non-convertible redeemable unsecured Basel III compliant tier 2 bonds in the nature of promissory notes. The capital raising committee of the board of directors of the bank at its meeting held on December 11, 2020, 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.

CentralBank of India Share Price

52.33 0.80 (1.55%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 816.05
Bank Of Baroda 236.10
Canara Bank 96.95
PNB 99.82
Union Bank Of India 114.95
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.