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January 12, 2001 		Feedback  
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Centurion Bank plans rights issue

Private sector Centurion Bank will launch a rights issue of equity shares in early February, a financial daily reported on Friday.

The bank, in which Singapore's Keppel Group has a 17 per cent stake, will issue 107 million equity shares at Rs 12 each, including a premium of Rs 2, it said, quoting managing director M J Subbaiah.

The bank's paid-up capital will rise to Rs 2.59 billion after the issue, the paper said.

Other shareholders in the bank include the Asian Development Bank and the International Finance Corporation.

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