PUNJAB and SIND BANK - Preferential Issue of Equity Shares (EGM on Sept 19, 2014)
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| 13 Aug 2014 | |
| Punjab and Sind Bank has informed BSE that Chairman and Managing Director of the Bank, as per authority delegated by the Board, has approved the following:<br/><br/>1. Holding of Extra Ordinary General Meeting (EGM) of Shareholders of the Bank on Friday, September 19, 2014 at 10 a.m. at India International Centre, Lodi Estate, New Delhi-110003 for the purpose of seeking approval of Shareholders by way of Special Resolution for issuance of Equity Shares of Rs. 10/- each, for an amount up to Rs. 560 crore in favour of the Government of India and up to Rs. 400 crore to Financial Institution(s), Life Insurance Corporation of India [LIC], General Insurance Corporation of India [GIC] and subsidiary companies of GIC, at such price as may be decided as per SEBI (ICDR) Regulations, 2009, on preferential basis in favour of Government of India.<br/><br/>2. Fixed, August 14, 2014 as "cut-off" date, for shareholders whom notice for EGM shall be sent, entitlement for e-voting and to attend EGM, vote at the EGM. | |
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