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

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New 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.

–IANS

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