DCB Bank Limited announces raising of Funds

DCB Bank Limited has necessary approvals from the Board of Directors and the Shareholders to raise Tier II Capital by issue of debt securities including but not limited to Tier II bonds upto Rs.450 crores by the Bank in one or more tranches on private placement basis from time to time. The Board, at its meeting held on October 16, 2017 had further delegated its authority to the Chairman and/or the Managing Director & CEO and/or the Chief Financial Officer to do all the necessary acts and things, to finalize and approve Offer Document, Size of the Issue, Coupon Rate, Tenure, Face Value, Opening and Closing of the Issue etc, pertaining to the Issue.

The Chairman and/or the Managing Director & CEO and/or the Chief Financial Officer may consider the proposal to raise further fund by issue of debt securities including Tier II Bonds, on private placement basis up to Rs.150 crore on or after January 06, 2018.

Shares of DCB Bank Limited was last trading in BSE at Rs.192 as compared to the previous close of Rs. 194. The total number of shares traded during the day was 41679 in over 575 trades.

The stock hit an intraday high of Rs. 194.75 and intraday low of 191. The net turnover during the day was Rs. 8036582.

Source : Equity Bulls

Keywords