Bhopal: EGM of Central Bank of India held

Shareholders of Central Bank of India at an Extra-ordinary General Meeting (EGM) in Mumbai on Friday passed a special resolution. The resolution authorizes the Board of Directors and its committee namely – Capital Raising Committee, to create, offer, issue and allot upto 68,72,48,322 equity shares of the face value of Rs. 10/- each, to President of India (Government of India), on preferential basis, for cash at an issue price of Rs 37.25 per Equity Share including premium of Rs 27.28 per equity share determined by the Board in accordance with SEBI ICDR Regulations, 2018 aggregating up to Rs 2560.00 crore.