Central Bank shares slip 5% after launching QIP at floor price of Rs 42.62

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Central Bank shares slip 5% after launching QIP at floor price of Rs 42.62 - Business Standard

Quick Summary:

The floor price for the QIP was set at ₹42.62 per share which was a discount of 9 per cent from Monday's closing at Rs 46.

Central Bank of India, a public sector banking institution, is one of the oldest and largest commercial banks in India.

March 24, 2025, inter alia, ...approved and adopted the Preliminary Placement Document dated March 24, 2025, and the application form dated March 24, 2025, in connection with the Issue (“Preliminary Placement Document)," the filing read.