DCB Bank Ltd approves allotment of 30432136 shares to QIBs

The Board of Directors of DCB Bank Ltd at its meeting held on October 10, 2014, has approved the issue and allotment of 3,04,32,136 Equity Shares of face value Rs.10 each to eligible Qualified Institutional Buyers (QIB) at the issue price of Rs. 82.15 per Equity Share, aggregating to Rs. 250.00 (Rupees Two Hundred Fifty Crores Only).

Consequent to the issue and allotment of the Equity Shares to QIBs, the Paid-up Equity Share Capital of the Bank 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.

Shares of DCB Bank Limited was last trading in BSE at Rs.81.9 as compared to the previous close of Rs. 83. The total number of shares traded during the day was 95051 in over 1615 trades.

The stock hit an intraday high of Rs. 82.8 and intraday low of 81.5. The net turnover during the day was Rs. 7796064.

Source : Equity Bulls

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