Dena Bank gets Rs. 600 crores capital allocation by Government of India

Dena Bank has received a communication from Government of India vide its letter F.N. F/38/2014-BOA dated March 16, 2017 informing capital allocation of Rs. 600 cr as part of turnaround linked infusion plan. The Board approval for raising of capital of the Bank through Issue of Equity Shares to Government of India, LIC of India and GIC of India on preferential basis, is being obtained.

Shares of DENA BANK was last trading in BSE at Rs.36.9 as compared to the previous close of Rs. 37.45. The total number of shares traded during the day was 93039 in over 404 trades.

The stock hit an intraday high of Rs. 37.5 and intraday low of 36.85. The net turnover during the day was Rs. 3453545.

Source : Equity Bulls

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