Plan To Raise Rs. 6,500 cr – Central Bank Shareholders

Through Follow on public offer (FPO), rights issue and qualified institutional placements (QIP), the Central Bank Of India shareholders have been approved a proposal to raise Rs. 6,500 Cr.

On Monday the state owned lender said that its shareholders will approve the capitals raising plans at the annual general meeting (AGM) which was held in June 30 in Mumbai.

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