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Centurion Bank to relist
MUMBAI,
MARCH 3.
Trading in Centurion Bank shares will resume on the stock exchanges from tomorrow with a reduced face value of Re. 1 after the financial restrucSturing even as the bank board decided to set up a committee of directors to work out the modalities for its rights issue.
"All the necessary approvals for relisting the shares on the Mumbai, National and Mangalore stock exchanges with a reduced face value of Re. 1 have been completed and trading will commence from tomorrow,'' bank sources told PTI here.
The face value prior to the financial restructuring was Rs. 10 per share, the sources said.
Trading was stopped about four weeks ago to make the allotments of new shares to shareholders, they added.
PTI
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