DCB prepones meeting for discussing raising funds, increase FII holding

Development Credit Bank Ltd (DCB) has announced that the meeting of the Board of Directors of the Bank which is scheduled to be held on November 24, 2006 is being pre-poned, and will now be held on November 20, 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. Ratification of pre-IPO ESOPs and granting / issue of fresh ESOPs post-IPO.

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

Source : Equity Bulls

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