The Hindu Business Line : Dena Bank plans second public issue in Q3

DENA Bank plans to tap the capital market with its second public offer in the third quarter of this fiscal, Dr Anil K. Khandelwal, Chairman and Managing Director, Dena Bank, has said.

The bank will issue eight crore fresh equity shares with a face value of Rs 10 each at a premium to be decided later.

Consequent to the public offering, the paid-up capital would grow to Rs 286 crore from Rs 206 crore and the Government's holding fall to 51 per cent from 70 per cent, he said.

"Our application is in advanced stages and we expect our shares to list at a premium," he told press persons on the sidelines of a seminar on quality initiatives in the banking sector, organised by the Indian Banks Association here on Friday.

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