Kephinance Investment (Mauritius) Ltd has acquired 4.94 per cent of the total paid up capital of Centurion Bank at Rs 4 per share.
The shares have been acquired as part of the original capital infusion of Rs 154 crore (Rs 1.54 billion) by Sabre Investor Group, Bank Muscat, ADB and Keppel Corporation.
The bank, in a notice to the Bombay Stock Exchange, said that the mode of acquisition is through allotment under a scheme of arrangement under sections 391-394 of the Companies Act, 1956 and the date of intimation of allotment is April 6, 2004.
The shareholding of Kephinance Investment [Mauritius] Ltd post acquisition will increase to 14.45 per cent of the total paid up capital of Centurion Bank Ltd.
On January 20, the Reserve Bank of India had approved the capital restructuring plan of the bank. Thereafter, the face value of the bank's share was brought down to Re 1 from Rs 10. As a consequence, the paid-up capital of the bank came down from Rs 152.47 crore (Rs 1.52 billion) to Rs 15.24 crore (Rs 152.4 million).
The bank is scheduled to come out with a rights issue of about Rs 90 crore (Rs 900 million) some time in July.
On the BSE on Thursday, the bank's share ended at Rs 10.26 against its previous close of Rs 10.18. Traded volumes on the counter stood at 4,71,000 shares.
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