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Central Bank shareholders okay plan to raise Rs 6,500 crore

Posted By: Doraiah Vundavally July 3, 2017

Central Bank shareholders okay plan to raise Rs 6,500 croreNew Delhi, July 3 (IANS) Central Bank of India's shareholders have approved a proposal to raise Rs 6,500 crore through follow-on public offer (FPO), rights issue and qualified institutional placement (QIP).

The state-owned lender on Monday said its shareholders approved the company's capital raising plans at the annual general meeting (AGM) held on June 30 at Mumbai.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

 

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Central Bank shareholders okay plan to raise Rs 6,500 crore

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.