Capital Local Area Bank Ltd calls for Board Meeting on March 19, 2016

Capital Local Area Bank Ltd has announced its intention to raise funds through Upper Tier II Non Convertible Bonds in the nature of Unsecured Non Convertible Debentures to the tune of Rs. 25.00 crores including green shoe option of Rs. 5.00 crores on private placement basis.

Further, the Bank intends to inform that a meeting of the Board of Directors of the Bank to consider the above proposal is scheduled to be held on March 19, 2016.

Source : Equity Bulls

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