Centurion Bank to issue equity shares to India Advantage
New Delhi, Jan 4 (UNI) Centurion Bank of Punjab today received approval from the Reserve Bank of India for the preferential issue of equity shares to India Advantage Value Fund V, a fund managed by ICICI Venture Funds Management Company Ltd.
The Bank proposes to allot up to 7.5 crore equity shares at a price of Rs 24.54 per equity share.
The issue price has been computed as per the relevant pricing guidelines prescribed by SEBI.
UNI
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Story first published: Thursday, January 4, 2007, 21:13 [IST]