An extraordinary general meeting of shareholders of Vijaya Bank, on Wednesday, approved the increase in the government’s holding in the bank to 74.06 per cent, from 59.80 per cent. This was done by their approval of the conversion of existing perpetual non-cumulative preference shares of Rs.1,200 crore into 30.46 crore equity shares in favour of the Union Government. The conversion rate was Rs.,39.39 a share. — Special Correspondent