Central Bank of India rises 2% on fund raising plan

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26 Aug, 2025 12:21

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Moneycontrol BureauShares of Central Bank of India gained 2.6 percent intraday Thursday. The company is going to consider fund raising via preferential allotment of shares. The company's capital raising committee will meet on March 02, 2016, to consider and approve raising of additional equity capital by issuance and allotment of equity shares of the face value of Rs 10 each on preferential basis.The issue price per equity share may be determined as per SEBI (ICDR) regulations subject to approval of Government of India, Reserve Bank of India, shareholders and other statutory authorities."The capital raising committee may also decide to hold an extra-ordinary general meeting of shareholders on March 30, 2016 to consider and pass the necessary special resolution and fix February 29, 2016 as the relevant date for the purpose of determining the issue price as per SEBI (ICDR) Regulations, 2009," company said in BSE release.The company had registered net loss of Rs 836.62 crore in quarter ended December 2015 versus net profit of Rs 137.65 crore in Q3 December 2014. At 11:31 hrs Central Bank of India was quoting at Rs 54.30, up Rs 0.55, or 1.02 percent on the BSE.Posted by Rakesh Patil