Central Bank of India rose 2.11% to Rs 103.90 at 10:24 IST on BSE after the bank's board of directors approved allotment of equity shares to the government on a preferential basis.
The announcement was made after market hours yesterday, 12 April 2017.
Meanwhile, the S&P BSE Sensex was down 41.34 points or 0.14% at 29,597.71
On BSE, so far 12,000 shares were traded in the counter as against average daily volumes of 6.93 lakh shares in the past one quarter. The stock hit a high of Rs 103.90 and a low of Rs 102.65 so far during the day. The stock had hit a 52-week high of Rs 112 on 20 June 2016. The stock had hit a 52-week low of Rs 73.10 on 24 May 2016.
The large-cap bank has equity capital of Rs 1902.17 crore. Face value per share is Rs 10.
Central Bank of India's board of directors approved raising of equity capital by issuance and allotment of 5.59 crore equity shares at Rs 104.15 per share aggregating to Rs 583 crore to the government on a preferential basis.
Central Bank of India reported net loss of Rs 605.70 crore in Q3 December 2016, lower than net loss of Rs 836.62 crore in Q3 December 2015. Total income fell 1.79% to Rs 6787.87 crore in Q3 December 2016 over Q3 December 2015.
The Government of India holds 81.28% stake in Central Bank of India (as per the shareholding pattern as on 31 March 2017').
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