Money & Banking

Vijaya Bank EGM to decide on allotment of pref shares

Our Bureau Bangalore | Updated on February 24, 2011 Published on February 23, 2011


Vijaya Bank has informed Bombay Stock Exchange that its Board of Directors has, in a meeting held, resolved that an extraordinary general meeting will be held on March 22 for their approval for preferential allotment of equity shares to the Government of India for Rs 368 crore.

The Board has fixed February 18 as “relevant date” for the purpose of pricing of equity shares, the announcement said.

The bank had on February 15 received a letter from the Government of India, conveying their approval to subscribe to additional equity capital aggregating to Rs 368 crore on the terms and conditions mentioned, therein.

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Published on February 23, 2011
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