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Saturday, April 1, 2017

Central Bank of India: Updates on raising of equity capital by conversion of IPDI capital of Rs 583 crore

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Central Bank of India: Updates on raising of equity capital by conversion of IPDI capital of Rs 583 crore Central Bank of India has informed that Government of India, Ministry of Finance vide letter dated March 31, 2017 conveyed its in principle approval to convert the entire Innovative Perpetual Debt Instruments (IPDI) capital of Rs. 583 crore held by Government of India (GOI) into equity share capital through preferential allotment in favour of GOI.

April 01, 2017 at 09:04AM

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