 "IOB gets shareholders' nod to raise Rs 2,009 cr from govt")
The lender's EGM was held on September 23rd and a special resolution was passed by the majority of shareholders, according to IOB's announcement to BSE.
To cretate, offer, issue and allot upto 48,56,17,597 equity shares of rs 10 each for a cash at issue price of Rs 41.37 equity share, including premium of Rs 31.37 a share, as determined by the Board aggregating to Rs 2,009 crore on preferential basis to Government of India.
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