Vijaya Bank to seek EGM approval for preferential allotment

The Board of Directors of Vijaya Bank Limited at its meeting held on February 22, 2011 resolved that an Extraordinary General Meeting of the Shareholders of the Bank will be held on March 22, 2011 for their approval for preferential allotment of equity shares to Government of India for an amount of Rs. 368 crores. The Board of Directors has fixed February 18, 2011 as "relevant date" for the purpose of pricing of equity shares, in terms of SEBI (ICDR) Regulations, 2009.

The stock was trading at Rs.81.05, down by Rs.1.25 or 1.52%. The stock hit an intraday high of Rs.83 and low of Rs.80.80.

The total traded quantity was 2.36 lakhs compared to 2 week average of 4.69 lakhs.

Source : Equity Bulls

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