DCB Bank Ltd approves QIP of Rs. 400 crores

The Board of Directors of DCB Bank Ltd, in the meeting held on Tuesday, March 07, 2017, has approved raising of capital by way of issue of Equity Shares to Qualified Institutional Buyers to the extent of Rs. 400 crores (Rupees Four hundred crores only) inclusive of share premium.

The Board announced change in place of keeping and inspection of registers, returns etc.; and seking approval of Members of the Bank for the aforesaid through Postal Ballot / remote e-voting and authorising Chairman, MD & CEO and other officials of the Bank to do all such acts, deeds and things as may be necessary.

Accordingly, the Bank is conducting a Postal Ballot for seeking the approval of the Members for the above proposals.

Shares of DCB Bank Limited was last trading in BSE at Rs.155.75 as compared to the previous close of Rs. 155. The total number of shares traded during the day was 184714 in over 1608 trades.

The stock hit an intraday high of Rs. 158.3 and intraday low of 153.05. The net turnover during the day was Rs. 28605192.

Source : Equity Bulls

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