In FY 2017-18Central Bank of India plans to raise equity capital upto Rs 6500 crore during FY 2017-18 through various modes such as preferential issue, QIP, rights issue, FPO etc subject to approval of Govt. of India, Reserve Bank of India and other statutory authorities. The Board of Directors of the Bank will consider the proposal for approval of shareholders at its meeting on 23 May 2017.
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