Dena Bank allots 46565874 shares to the Government of India

Dena Bank has allotted 4,65,65,874 equity shares of Rs. 10/- each at a premium of Rs. 105.75 per share to the Government of India in the name of President of India, on March 25, 2011 on preferential basis, on receipt of contribution of Rs. 538,99,99,,916/- from Government of India in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The 46,565,874 equity shares were allotted on March 25, 2011 at a premium of Rs. 105.75 per share taking the issue price per share to Rs. 115.75. The total paid up Capital after the present issue is Rs. 333,38,90,740/- and the post issue Holding of Government of India is 58.01%.

The stock was trading at Rs.103.20, up by Rs.2.60 or 2.58%. The stock hit an intraday high of Rs.104.65 and low of Rs.101.10.

The total traded quantity was 3.70 lakhs compared to 2 week average of 2.29 lakhs.

Source : Equity Bulls

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