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Central Bank of India to issue shares to government

Central Bank of India will issue up to 3.23 billion rupees of equity shares to the Indian government.

The bank will issue up to 38,845,460 equity shares at 83.15 rupees per share on a preferential basis, according to a Feb. 3 release.

As of Feb. 2, US$1 was equivalent to 64.19 Indian rupees.