Don’t miss the latest developments in business and finance.

Board of Vijaya Bank approves proposal for preferential issue of shares to LIC

Image
Capital Market
Last Updated : Mar 03 2016 | 8:28 PM IST

At meeting held on 03 March 2016

Vijaya Bank announced that the Board of Directors of the Bank at its meeting held on 03 March 2016 has approved the proposal for Preferential Issue of Equity Shares to Life Insurance Corporation of India aggregating upto Rs.226 crore (inclusive of premium amount) subject to Government of India's approval and to convene an Extra Ordinary General Meeting of the Shareholders to pass the necessary Special Resolution in this regard.

Powered by Capital Market - Live News

More From This Section

First Published: Mar 03 2016 | 8:03 PM IST

Next Story