Centurion Bank sales four crore shares on BSE | india | Hindustan Times
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Centurion Bank sales four crore shares on BSE

The shares were sold at an average price of Rs 24.50 per share. Centurion Bank of Punjab is the sole beneficiary of this trust.

india Updated: Mar 27, 2006 16:46 IST

The trustees of the Centurion Bank Stock Trust have on Monday sold four crore shares on the Bombay Stock Exchange.

This transaction was done through Ambit Capital Private Limited.

The shares were sold at an average price of Rs 24.50 per share. Centurion Bank of Punjab is the sole beneficiary of this trust.

The gains arising from the sale would be used by the bank primarily for purposes of prudential provisioning on its asset book so as to further strengthen its balance sheet.