On Thursday, Vijaya Bank said that it is aiming to raise Rs 226 crore from allotment of equity shares to the Life Insurance Corporation of India (LIC) on preferential basis.
Vijaya Bank has said in a BSE filing that “A meeting of the Board of Directors of the bank will be held on March 3, 2016, inter alia, to consider the proposal for issue of equity shares to Life Insurance Corporation of India (LIC) through preferential issue up to Rs 226 crore.”
