The state-run bank made this announcement before trading hours today, 2 April 2012.

Meanwhile, the BSE Sensex was up 40.98 points or 0.24% to 17,445.18.

On BSE, 30,000 shares were traded in the counter as against average daily volume of 2.24 lakh shares in the past one quarter.

The stock hit a high of Rs 102.40 and a low of Rs 100.40 so far during the day. The stock had hit a 52-week high of Rs 150.60 on 5 April 2011. The stock had hit a 52-week low of Rs 63.25 on 2 January 2012.

The stock had outperformed the market over the past one month till 30 March 2012, falling 1.91% compared with the Sensex's 1.96% fall. The scrip had also outperformed the market in past one quarter, surging 51.93% as against Sensex's 12.61% gain.

The state-run bank has an equity capital of Rs 646.61 crore. Face value per share is Rs 10.

Central Bank of India said the preferential allotment committee of the board of directors at its meeting held on Saturday, 31 March 2012, has approved allotment of 6.4 crore equity shares at Rs 105.61 per share to Government of India (GoI) on preferential basis. The board also approved allotment of 2.55 crore equity shares at Rs 105.61 per share to Life Insurance Corporation of India (LIC) on preferential basis.

India's biggest institutional investor -- state run LIC -- had 7.44% stake in Central Bank of India as at end December 2011. The Government of India (GoI) held 80.21% stake in Central Bank of India as at end December 2011.

Central Bank of India's net profit fell 71.9% to Rs 113.24 crore on 24.6% growth in total income to Rs 5211.24 crore in Q3 December 2011 over Q3 December 2010.