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.
Shares of the bank closed 0.56 per cent down at Rs 17.90 apiece on the BSE.
JEE Main 2026 Session 1 Results OUT Today At jeemain.nta.nic.in; What 95+ Percentile Means For JEE Advanced
Mumbai Traffic Update: Road Closed Near Marol In Andheri East Until May 31; Check Diversion Route Here
ICC Men’s T20 World Cup 2026: 'Someone Needed To Take Responsibility,' Suryakumar Yadav Hails Ishan Kishan's Match-Winning 77
'Played Like Real Dhurandhar': Sachin Tendulkar, Virender Sehwag React To India's Thumping Win Over Pakistan In T20 WC
