The board of directors of Vijaya Bank at its meeting held on January 17, 2014 has approved that an extraordinary general meeting (EGM) of the shareholders of the bank will be held on February 19, 2014.
The EGM is being held to seek approval for conversion of perpetual non cumulative preference shares held by the Government of India into equity shares.
The board has fixed January 20, 2014 as ‘Relevant Date’ for the purpose of pricing of issue of equity shares to the Government of India in terms of SEBI (ICDR) Regulations, 2009.
Further, it has declared an interim dividend of 10 per cent (Re 1) per equity share for the financial year 2013-14.