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Our Bureau

Mumbai, June 25

UTI Bank Ltd today informed the BSE that the bank has deferred the issues pertaining to raise capital and preferential allotment of shares in order to provide promoter shareholders further time for consultation. These will now be considered at the adjourned Extra Ordinary General Meeting (EGM) to be held on July 13, said the bank in a communication to the BSE.

The bank at its EGM held today passed resolutions to increase the authorised share capital from Rs 300 crore to Rs 500 crore by creation of 20-crore equity shares of Rs 10 each and to alter the Memorandum of Association and Articles of Association of the bank.

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