Vijaya Bank to raise Rs.250 crore by preferential allotment of shares to the Government

Vijaya Bank held an Extraordinary General Meeting on Thursday, the 12th December 2013, at its Head Office in Bangalore.

Shareholders, in the Meeting, accorded approval for issue and allotment of 5,89,34,464 equity shares to Government of India on preferential basis for an amount of Rs.250 Crore.This will increase the Government of India’s shareholding to 59.80% from existing 55.02%. Shri H. S. Upendra Kamath, CMD,
Vijaya Bank was present along with Executive Director and other Directors during the meeting.