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| Exchange Received Time 28/03/2018 13:46:41 Exchange Disseminated Time 28/03/2018 13:46:48 Time Taken 00:00:07 | Further to our letter no. IRC/33/2017-18 dated 26.02.2018, we wish to inform that the Extraordinary General Meeting of the Bank was held as scheduled on 28th March 2018 at Chennai.
The shareholders of the Bank have approved by way of Special Resolution the issue of up to 211,33,56,491 equity shares of the face value of Rs.10/- each for cash at an issue price of Rs. 23.03 per equity share (including premium of Rs. 13.03 per Equity Share) aggregating up to Rs. 4867.06 crore as determined by the Board in accordance with Regulation 76 (1) of SEBI ICDR Regulations on preferential basis to Government of India (President of India).
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