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Raising of Funds

| Updated on January 31, 2018 Published on November 13, 2017

Pursuant to shareholders approval at the Annual General Meeting held on June 01, 2017 and authorisation to the Board of Directors of the Bank (the Board) for raising of Tier II capital by issue of debt securities including Tier II Bonds on private placement basis up to Rs.450 Crore (the Issue), in one or more tranches, the Board, at its meeting held on October 16, 2017 had further delegated its authority to the Chairman and/or the Managing Director & CEO and/or the Chief Financial Officer to do all the necessary acts and things, inter alia, to finalize and approve Offer Document, Size of the Issue, Coupon Rate, Tenure, Face Value, Opening and Closing of the Issue etc, pertaining to the Issue.
We wish to inform you that the Chairman and/or the Managing Director & CEO and/or the Chief Financial Officer may consider the proposal to raise the fund by issue of debt securities including Tier II Bonds, on private placement basis up to Rs.300 crore on or after November 16, 2017.

Pdf Link: Raising of Funds

Source : BSE - www.bseindia.com

Published on November 13, 2017
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