The capital raising committee of the board of director will consider and approve raising additional equity capital of Rs 323 crore by issuance and allotment of equity share of face value of Rs 10 each at such issue price including premium to President of India on January 3, 2018, the bank said in BSE filing.
According to the statement, the committee will also decided to hold an extraordinary general meeting of the shareholders on February 2, 2018 to consider and pass necessary resolution and may also fix January 3, 2018 as relevant date for the purpose of determining the issue price.
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