Central Bank fixes IPO band

Last Updated: Jul 13 2007 | 12:00 AM IST

Public sector bank Central Bank of India is entering the capital market with an initial public offering (IPO) of 8 crore equity shares of Rs 10 each for cash at a price to be decided through a 100% book building process.<br><br> The price band for the issue is Rs 85 -102 /share and it will open on July 24 and close on July 27. After the issue, the government's shareholding in the bank will come down to 80.20%.

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