Vijaya Bank holds EOGM

An extraordinary general meeting of the Vijaya Bank shareholders on Saturday passed the resolution to issue 6,62,85,025 equity shares of face value of Rs 10 each,  for a cash at a premium of  Rs  23.19 per equity share.

Each equity share will have issue price of Rs 33.19, aggregating upto Rs 220 crore by way of preferential issue to the promoters of the bank i.e. the government of India.

Subsequent to the allotment,  the equity shareholding of government has hiked to 70.33% from the earlier level of 68.23% and there will not be any change in the management/control on the bank as a result of the preferential allotment.