Dena Bank to raise capital

In the meeting of the Board of Directors of Dena Bank held on December 03, 2015 the Capital Planning for the FY 2015-16 was considered and it was approved to raise AT1 capital upto an amount of Rs. 1,500 cr in one or more tranche, in one or more instruments and to raise Tier 2 capital upto an amount of Rs. 1,000 cr in one or more tranche, in one or more instruments.

The Board also approved proposal to raise Equity Capital of the Bank by diluting GOI holding upto 52%, on obtaining necessary approval from GOI.

Shares of DENA BANK was last trading in BSE at Rs.41.8 as compared to the previous close of Rs. 43.1. The total number of shares traded during the day was 138534 in over 1038 trades.

The stock hit an intraday high of Rs. 43.05 and intraday low of 41.5. The net turnover during the day was Rs. 5837202.

Source : Equity Bulls

Keywords