Vijaya Bank has informed that the Board of Directors of the Bank at its meeting held on March 03, 2016 has approved the proposal for Preferential Issue of Equity Shares to Life Insurance Corporation of India aggregating up to Rs226 crore (inclusive of premium amount) subject to Government of India’s approval and to convene an Extra Ordinary General Meeting of the Shareholders to pass the necessary Special Resolution in this regard.
The above information is a part of company’s filings submitted to BSE.
