Central Bank Rights Issue

L

Logik

Active Member
#1
#1
Central Bank Of India has informed the Exchange that the Committee of Directors of the Bank constituted for the Rights Issue, in its meeting held on March 08, 2011 approved Rs.103.00 as issue price for every rights equity shares and March 18, 2011 to be the Record Date for the purpose of deciding the shareholders who are eligible to apply for Equity Shares on rights basis in the proposed issue. Further the Company has submitted a copy of Synopsis with respect to rights issue.
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Any views on this??

1.the stock price is @ 150+ levels. Y the hell bank has to come with so low price for the Rights issue?
2.Any guess how to evaluate the price on ex date i.e. on 17Mar11? say price closes @ 150 on 16 Mar 11. should we expect 150*3/5= 90 on 17th march? am i right?
3. can't we apply for rights issue through ASBA now? or do we need to go through all the paperwork?

Thanks
Logik
 
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