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The extraordinary general meeting (EGM) of shareholders of Corporation Bank has approved a special resolution to issue equity shares on preferential basis to the Centre. This will help the government infuse up to ₹2,187 crore into the bank. The bank informed the stock exchanges that the EGM of shareholders on Tuesday approved a special resolution to issue 51,84,92,176 equity shares at an issue price of ₹42.18 per share to the government on preferential basis.
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