DCB to consider raising capital, increase FII limit

Development Credit Bank Ltd (DCB) has announced that a meeting of the Board of Directors of the Bank will be held on November 24, 2006, inter alia, to consider the following:

1. Options for raising of additional capital.

2. Increase in the cap for Foreign Institutional Investors (FIIs) holding of investments in Bank's capital.

3. Convening Extra Ordinary General Meeting (EGM) of Shareholders for seeking their approval interalia, on above issues.

Source : Equity Bulls

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