A minority shareholder of CAL Bank has filed for an injunction against the bank’s decision to raise some GH¢600 million in capital.
Cal Bank in a circular noted that it has taken note of the application for an injunction on its capital raise by its shareholder and is liaising with its legal team to respond accordingly.
“The Bank has received a notice of a court action brought by a minority shareholder seeking the grant of an Order of Injunction in respect of the ongoing GH¢600m capital raise.
The Bank is liaising with its legal team to respond accordingly.
