DCB Bank Ltd approves QIP price as Rs. 82.15

In respect of the QIP, the Capital Raising Committee of the Board (CRC) of DCB Bank Ltd at its meeting held on October 08, 2014, has approved the closure of the QIP on October 08, 2014.

The committee approved the issue price of Rs. 82.15 per Equity Share (share), which is at a discount of Rs. 4.30 per Equity Share, to the Floor Price of Rs. 86.45 per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP and approved and adopted the Placement Document (PD) dated October 08, 2014, in connection with the QIP.

Shares of DCB Bank Limited was last trading in BSE at Rs.80.75 as compared to the previous close of Rs. 80.45. The total number of shares traded during the day was 94013 in over 1501 trades.

The stock hit an intraday high of Rs. 81.4 and intraday low of 80.1. The net turnover during the day was Rs. 7593096.

Source : Equity Bulls

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