DCB Bank fixes floor price for QIP as Rs. 86.45

The Board of Directors of DCB Bank Ltd at its meeting held on September 29, 2014, has authorised the opening of the QIP on September 29, 2014 and approved the preliminary placement document. The Board also approved the floor price for the QIP as Rs. 86.45 per equity share.

The Bank may offer a discount of not more than 5% on the floor price so calculated for the QIP.

Shares of DCB Bank Limited was last trading in BSE at Rs.82.65 as compared to the previous close of Rs. 84. The total number of shares traded during the day was 108898 in over 1853 trades.

The stock hit an intraday high of Rs. 85.5 and intraday low of 82.15. The net turnover during the day was Rs. 9107534.

Source : Equity Bulls

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