Central Bank fixes IPO band
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%.