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The board of directors of the bank authorized and declared the opening of the issue on Monday, 24 March 2025.
The floor price of Rs 42.62 is at a discount of 9.03% to the scrip’s previous closing price of Rs 46.85 on the BSE.
The bank may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined by the bank in consultation with the book-running lead manager appointed for the issue.
Central Bank of India is engaged in providing banking and financial services, offering a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers.
The bank’s standalone net profit jumped 33.58% to Rs 958.93 crore in Q3 FY25 as compared with Rs 717.86 crore in Q3 FY24. Total income increased 6.56% to Rs 9,738.64 crore in Q3 FY25 as compared with Rs 9,138.93 crore
Shares of Central Bank of India declined 2.45% to Rs 45.70 on the BSE.
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