Central Bank gets nod to allot Rs 4,800-cr preference shares to govt
Updated May 20, 2021 05:05 am
- Central Bank of India on Tuesday said its shareholders have approved allotment of preference shares to the government for a Rs 4,800-crore capital infusion. At the virtual extraordinary general meeting (EGM), the state-owned bank's Chairman Tapan Ray said the preference share allotment to the government has been worked out at Rs 17.11 per share.
- The consent of the shareholders was given with over 97 per cent votes in favour of the resolution to issue and allot up to 2,80,53,76,972 equity shares to government on a preferential basis aggregating up to Rs 4,800 crore, the bank said.
local_offerTags: Central bank shares Indian govt.
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