General Announcement::Preferential Issue of Shares to GOI - Extraordinary General Meeting on 29.09.2015

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 31-Aug-2015 16:27:35
Status: New
Announcement Sub Title: Preferential Issue of Shares to GOI - Extraordinary General Meeting on 29.09.2015
Announcement Reference: SG150831OTHRPNP2
Submitted By (Co./ Ind. Name): B NAGESH BABU
Designation: AGM & COMPANY SECRETARY
Effective Date and Time of the event: 31/08/2015 17:00:00
Description (Please provide a detailed description of the event in the box below): We refer to our earlier communication, dated 31.08.2014, wherein we had informed the Exchanges that the Board of Directors, in its meeting held on 31.08.2015, had considered and approved the proposal regarding raising of Capital by way of Preferential Allotment of Equity Shares in favour of Government of India amounting to Rs. 947 Crore (Rupees Nine Hundred and Forty Seven Crore only).

The Managing Director & CEO, as per the authority delegated by the Board, has approved the following :

- To conduct the Extraordinary General Meeting of the Bank on 29.09.2015 for obtaining the consent of the shareholders to make preferential allotment of equity shares of the Bank to the Government of India (GOI);

Accordingly, in terms of SEBI-ICDR Regulations, 28.08.2015 is the Relevant Date for the purpose of determination of Pricing of Equity Shares at which the shares can be offered to the Government of India on Preferential Allotment.

Total size =246K