Date:31/03/2004 URL: http://www.thehindu.com/2004/03/31/stories/2004033103871803.htm

Business - Briefly

Centurion Bank's rights issue

NEW DELHI, MARCH 30. Centurion Bank is coming out with a rights issue, which will hit the markets in May through which the bank proposes to raise Rs. 90.80 crores.

The existing shareholders of the bank would be entitled to equity shares in the ratio of two equity shares of the face value of Re. 1 each, fully paid up, for every five equity shares, fully paid up, held by them as on the record date.

The rights shares would be priced at Rs. 4 per share. — UNI