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Oriental Bank Of Commerce - Board Meeting Intimation for Raising Of Equity Capital Of The Bank

| Updated on December 28, 2018 Published on December 28, 2018

ORIENTAL BANK OF COMMERCEhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/01/2019 ,inter alia, to consider and approve This is to inform that the Govt. of India vide letter no. F.No.7/38/2014-BOA dated 26.12.2018 has conveyed its decision to invest Rs.5500.00 crore in the equity capital of the Bank by way of preferential allotment.
Accordingly, the Board of Directors of the Bank would be considering by way of circular resolution oh or after 02nd January 2019, the proposal for raising capital for an amount aggregating upto Rs.5500.00 crore (Five Thousand Five Hundred crore only) through issuance of equity shares to the Govt. of India on preferential basis. For this purpose, the Board would also be considering the proposal for seeking approval of the shareholders of the Bank by convening an Extraordinary General Meeting/ conducting Postal ballot.
The information is submitted in compliance of SEBI Listing Regulations 2015.
You are requested to take the above on record.

Pdf Link: Oriental Bank Of Commerce - Board Meeting Intimation for Raising Of Equity Capital Of The Bank

Source : BSE - www.bseindia.com

Published on December 28, 2018
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