Dhanlaxmi Bank Ltd approves raising funds of Rs. 300 crores

The Board of Directors of Dhanlaxmi Bank Ltd at its meeting held on December 05, 2022, has considered and approved the raising of funds by the Bank by way of issuance of NonConvertible Debentures (NCDs) in the form of Basel III compliant Tier 2 Bonds aggregating to Rs.300 crores in one or more tranches over a period of time, subject to approval of Regulators / Shareholders, as may be required.

Shares of Dhanlaxmi Bank Limited was last trading in BSE at Rs. 18.45 as compared to the previous close of Rs. 17.60. The total number of shares traded during the day was 1549300 in over 3147 trades.

The stock hit an intraday high of Rs. 18.70 and intraday low of 17.25. The net turnover during the day was Rs. 28056505.00.

Source : Equity Bulls

Keywords

DhanlaxmiBank INE680A01011 FundRaising NCDs Basel3Compliant Tier2Bonds