Vijaya Bank allots 39148936 shares to GOI

The allotment committee of the Board of Directors of Vijaya Bank in its meeting held on March 28, 2011, has accorded approval for allotment of 3,91,48,936 equity shares on preferential basis at an issue price of Rs. 94/- per share (i.e. Rs. 10 face value plus Rs. 84/- premium) aggregating to Rs. 367,99,99,984/- to Govt. of India President of India) on the basis of the approval accorded by the Shareholders of the Bank in the Extraordinary General Meeting held on March 22, 2011 at Bangalore.

These Shares shall rank paripassu in all respects (including Dividend) with the exiting equity Shares of the Bank.

The stock closed the day at Rs.78.05, up by Rs.2.40 or 3.17%. The stock hit an intraday high of Rs.79.50 and low of Rs.76.10.

The total traded quantity was 10.68 lakhs compared to 2 week average of 2.62 lakhs.

Source : Equity Bulls

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