Date:08/02/2005 URL: http://www.thehindubusinessline.com/2005/02/08/stories/2005020802040600.htm

Back Centurion Bank gets shareholders' nod to raise Rs 600 crore

Our Bureau

Mumbai , Feb. 7

CENTURION Bank Ltd on Monday said its shareholders have approved a proposal for raising Rs 600 crore by way of domestic or international offerings shortly.

In a notice to the stock exchange here today, the bank said it has obtained shareholders' approval to raise the capital in one or more tranches.

This it may do through foreign investors, foreign institutional investors, non-resident Indians, corporate bodies, trusts, mutual funds, banks, insurance companies, pension funds, individuals and or trustees and or stabilisation agents or otherwise. It might even consider raising funds through a private placement basis, or in the form of GDRs or ADRs, FCCBs or any other permitted instruments.