Centurion Bank to issue equity shares to India Advantage

Thursday, January 4, 2007, 21:13 [IST]

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

Topics: punjab, received, approval, reserve, bank, india, preferential, equi

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