DCB completes raising Rs 65 crores

Development Credit Bank Ltd (DCB) has announced that the Bank has concluded on August 31, 2009 the First Tranche of Unsecured Redeemable Non-Convertible Subordinated Lower Tier-II Bonds (Series-IV) in the nature of Promissory Notes of Rs. 10 lakh each for cash at par aggregating Rs. 65 crores.

The stock was trading at Rs.38, down by Rs.0.40 or 1.04%. The stock hit an intraday high of Rs.39 and low of Rs.37.85.

The total traded quantity was 613907 compared to 2 week average of 1647016.

Source : Equity Bulls

Keywords