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Oriental Bank Of Commerce - Outcome of Board Meeting

| Updated on February 08, 2019 Published on February 08, 2019

Reg. Approval of the Board of Directors for raising capital through Preferential Allotment of shares
With reference to our communication dated 31.01.2019, we wish to inform that the Board of Directors of the Bank has on 07.02.2019 approved by way of circular resolution the proposal for raising capital for an amount upto Rs.1186.00 crore (One Thousand One Hundred Eighty Six crore only) through issuance of equity shares to the Govt. of India
on preferential basis.
Further, we wish to inform that the approval of Shareholders of the Bank will be obtained through Postal Ballot process.

You are requested to take the above on record.

Pdf Link: Oriental Bank Of Commerce - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on February 08, 2019
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