Vijaya Bank to raise Rs 368 cr via preferential allotment

Vijaya Bank is planning to raise Rs 368 crore through preferential allotment of equity shares.

In a statement to Bombay Stock Exchange, the bank said that its Board of Directors has resolved that an extraordinary general meeting will be held on March 22 for their approval for preferential allotment of equity shares at Rs 10 each at Rs 84 per share to the Government of India for Rs 368 crore.

Earlier this month, the ministry of finance has given its nod to subscribe to 3.91 crore additional equity capital of the bank.


Source: Business Standard