Money & Banking

DCB Bank board approves share allotment to QIBs

Our Bureau Mumbai | Updated on November 25, 2017 Published on October 11, 2014

The Board of Directors of DCB Bank has approved the issue and allotment of about 3.04 crore equity shares of face value Rs 10 each to eligible qualified institutional buyers (QIBs) at the issue price of Rs 82.15 per equity share, aggregating Rs 250 crore.

In a notice to the BSE, the bank said consequent to the issue and allotment of the equity shares to QIBs, its paid-up equity share capital stands increased from the present Rs. 250,77,42,220 divided into 25,07,74,222 equity shares of face value of Rs. 10 each to Rs. 281,20,63,580 divided into 28,12,06,358 equity shares of face value of Rs.10 each.​

Published on October 11, 2014
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