Central Bank of India (NSE: CENTRALBK, BSE: 532885) has announced the launch of its Qualified Institutions Placement (QIP) issue, following approvals from its Board of Directors and shareholders during previous meetings held on April 30, 2024, and July 16, 2024, respectively.
A bank’s Capital Raising Committee set a floor price of ₹42.62 per share for its Qualified Institutional Placement (QIP), as per SEBI regulations. They may offer up to a 5% discount. March 24, 2025, was the date used to determine this price. The final share price will be decided with the QIP’s book running lead manager.
The Preliminary Placement Document and application form for the issue were approved and filed with stock exchanges on March 24, 2025. The QIP aims to raise capital for strengthening the bank’s financial position and supporting growth initiatives.
Chandrakant Bhagwat, Company Secretary & Compliance Officer of Central Bank of India, confirmed these developments in a regulatory filing.
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Prime Minister Narendra Modi’s 120th Edition of ‘Mann Ki Baat’
Prime Minister Narendra Modi is scheduled to address the nation in the 120th edition of his monthly radio program, ‘Mann Ki Baat,’ on March 30, 2025. This program serves as a platform for the Prime Minister to share his thoughts on various topics, including social issues, governance, and inspiring stories from across the country.
“رمضان کا مہینہ آپ کی زندگی میں سکون، خوشیاں اور برکتیں لے کر آئے۔ اس مقدس مہینے کو شفقت اور شکر گزاری کے ساتھ گزاریں۔”
May the month of Ramadan bring peace, joy, and blessings into your life. Spend this holy month with kindness and gratitude.”
