Vijaya Bank mulling pref issue

Vijaya Bank’s board of directors will meet on November 11 to consider preferential issue and allotment of equity shares aggregating Rs 250 crore to the Government. The board is also to decide on an extraordinary general meeting of the shareholders to obtain their permission. In a release to exchanges, the bank said it has received a letter from the Government conveying its approval to subscribe to additional equity capital of the bank.

Source: thehindubusinessline