Vijaya Bank calls for EGM to get shareholders nod for Rs. 250 crore preferential issue

The Board of Directors of Vijaya Bank at its meeting held on November 11, 2013, resolved that an Extraordinary General Meeting of the Shareholders of the Bank will be held on December 12, 2013 for their approval for preferential allotment of equity shares to government of India for an amount of Rs. 250 Crore. The Board of Directors has fixed November 12, 2013 as "relevant date" for the purpose of pricing of equity shares, in terms of SEBI (ICDR) Regulations, 2009.

Shares of Vijaya Bank was last trading in BSE at Rs.41.45, down by Rs.0.70 or 1.66%. The stock hit an intraday high of Rs.42.95 and low of Rs.41.30.

The total traded quantity was 1.93 lakhs as compared to 2 week average of 4.41 lakhs.

Source : Equity Bulls

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