Further to letter dated 13.05.2019, Oriental Bank of Commerce has informed that the Board of Directors in the meeting held on 13th May 2019 also approved the plan for raising capital for an amount up to Rs 3000.00 crore by way of issue of equity shares in the form of Qualified Institutional Placement (QIP) / Employee Share Purchase Scheme (ESPS) / Follow on Public Offer (FPO) / Rights Issue / or such other mode as may decided by the Board at an appropriate time, subject to the necessary approvals.
The above information is a part of company's filings submitted to BSE.
