The fund raising proposal follows the Supreme Court judgement on adjusted gross revenue.
All material information has been disclosed by the company as per Sebi norms and the firm's materiality policy.
Religare Finvest has accused Lakshmi Vilas of misappropriating 7.9 billion rupees it kept with the bank as a fixed deposit.
Employees and officers of Allahabad Bank staged a demonstration in front of its headquarters here to protest against the merger.
Following next year, Bank of Baroda had merged Vijaya Bank and Dena Bank with itself.
Meeting of board of directors of the bank is scheduled to be held on September 13, 2019.
The transaction valuation is about Rs 2600-3000 cr and the company has entered into a non-binding letter of intent.
After Gangwal wrote to the board seeking an extraordinary general meeting, Bhatia, on June 12, opposed the proposal.
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