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Central Bank of India to raise 5.35B rupees through share issue

Central Bankof India plans to raise 5.35 billion rupees in additional capitalby issuing shares to the government of India.

The bank said April 13 that it will issue up to 71,504,945 sharesat an issue price of 74.82 rupees per equity share to the government on preferentialbasis.

The bank had previously raised 5.35 billion rupees through apreferential allotment of equity shares to the government in early April.

As of April 13, US$1was equivalent to 66.50 Indian rupees.