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Central Bank of India gains after selling entire stake in CIBIL

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Capital Market

Central Bank of India rose 1.43% to Rs 46.20 at 9:44 IST on BSE after the bank said it has after due approval sold its entire stake in Credit Information Bureau of India to Transunion International Inc (FII).

The announcement was made after market hours on Thursday, 6 March 2014.

Meanwhile, the S&P BSE Sensex was up 119.93 points or 0.56% at 21,633.80.

On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 83,000 shares in the past two weeks.

The stock hit a high of Rs 46.60 and a low of Rs 46 so far during the day.

 

Central Bank of India's net profit declined 65.8% to Rs 61.53 crore on 15.3% growth in total income to Rs 6708.50 crore in Q3 December 2013 over Q3 December 2012.

The Government of India (GoI) holds 88.63% stake in Central Bank of India (as per the shareholding pattern as on 31 December 2013).

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First Published: Mar 07 2014 | 9:45 AM IST

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