INDIAN BANK - Outcome of Board Meeting (EGM on March 23, 2015)
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| 14 Feb 2015 | |
| With reference to the earlier letter dated February 09, 2015 conveying the decision of Government of India to infuse capital funds to the tune of Rs. 280 crore in the Bank by way of preferential allotment of equity in favour of Government of India, Indian Bank has now informed BSE that:<BR><BR>1. The Board of Directors of the Bank has, in its meeting held on February 14, 2015, approved the above proposal.<BR><BR>2. The Board has also decided to convene an Extra-ordinary General Meeting of the shareholders of the Bank for obtaining their approval for the above proposed Preferential issue to the Government of India and the Extra-ordinary General Meeting is fixed to be held on March 23, 2015 at 10.00 a.m. at IMAGE Auditorium, Raja Annamalaipuram, MRC Nagar, Chennai - 600 028.<BR><BR>3. Accordingly, the Relevant Date for determination of Issue Price pursuant to SEBI (ICDR) Regulations, 2009 is February 20, 2014. | |
| View all announcements for INDIAN BANK | Source: BSE India |
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